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This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission … of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is … characterized by an endogenous rate of information decay. Endogenous decay is modelled as dependent on the result of a coordination …
Persistent link: https://www.econbiz.de/10010312452
. -- network ; decay ; strategical interaction …This paper considers a model of economic network characterized by an endogenous architecture and frictions in the … relations among agents as described in Bala and Goyal (2000). We propose a similar network model with the difference that …
Persistent link: https://www.econbiz.de/10009731152
This paper considers a simple communication network characterized by an endogenous architecture and an imperfect … transmission of information. We analyze the process of network formation in a dynamic framework where self - interested individuals … network structures the formation process will converge to. …
Persistent link: https://www.econbiz.de/10010312654
This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission … of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is … characterized by an endogenous rate of information decay. Endogenous decay is modelled as dependent on the result of a coordination …
Persistent link: https://www.econbiz.de/10014066467
This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission … of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is … characterized by an endogenous rate of information decay. Endogenous decay is modelled as dependent on the result of a coordination …
Persistent link: https://www.econbiz.de/10005423133
This paper considers a simple communication network characterized by an endogenous architecture and an imperfect … transmission of information. We analyze the process of network formation in a dynamic framework where self – interested individuals … network structures the formation process will converge to. …
Persistent link: https://www.econbiz.de/10005570252
We make four main contributions to the theory of network formation. (1) The problem of network formation with … farsighted agents can be formulated as an abstract network formation game. (2) In any farsighted network formation game the … and persist if individuals behave farsightedly in playing the network formation game. (3) A von Neumann-Morgenstern stable …
Persistent link: https://www.econbiz.de/10014066459
We study the effects of institutional constraints on stability, efficiency and network formation. An exogenous … stochastic stability in the presence of decay. …
Persistent link: https://www.econbiz.de/10009493838
This paper considers a model of economic network characterized by an endogenous architecture and frictions in the … relations among agents as described in Bala and Goyal (2000). We propose a similar network model with the difference that …
Persistent link: https://www.econbiz.de/10005427651
We make four main contributions to the theory of network formation. (1) The problem of network formation with … farsighted agents can be formulated as an abstract network formation game. (2) In any farsighted network formation game the … and persist if individuals behave farsightedly in playing the network formation game. (3) A von Neumann Morgenstern stable …
Persistent link: https://www.econbiz.de/10010312429