Sarangi, Sudipta; Kannan, Raj; Ray, Lydia - Royal Economic Society - RES - 2003
Nash network. When costs of information decrease with distance capturing delay, all equilibrium information networks are … minimally connected, though not all trees are Nash. We analyze the popular star and chain networks and identify strict Nash … networks. We show that there is almost no divergence between efficient and equilibrium information networks. We explore the …