Goeree, Jacob K.; Riedl, Arno; Ule, Aljaz - Graduate School of Business and Economics (GSBE), … - 2005
This paper reports the results of a laboratory experiments on network formation among heterogeneous agents. The experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing for agents with lower linking costs or higher...