Ule, Alja; Goeree, Jacob K.; Riedl, Arno - 2007
, equilibrium predictions fail completely. In contrast, with heterogeneous agents stars frequently occur, often with the high …-value or low-cost agent in the center. Stars are not born but rather develop: with a high-value agent, the network's centrality …-regarding preferences are used to analyze individual linking behavior. Our results suggest that heterogeneity is a major determinant for the …