In this paper I apply stochastic stability to compare the effect on welfare of local information and global information … local information, the sets of observable agents are choice-dependent. The evaluation of information in terms of welfare …

In this paper, a new algorithm is proposed, which uses only local information to analyze community structures in …

In this paper, we analyze an evolving model with local information which can generate a class of networks by choosing … because the distribution of the edge weight can be widely tuned. With the increase in the local information, the degree …

In this paper I apply stochastic stability to compare local information to global information in terms of welfare …. Under global information agents potentially imitate anyone else, while under local information choices are grouped into …

inefficient. The literature emphasizes improvements through non-market organizations that harness local information through peer … monitoring. I investigate the complementary question of designing a credit mechanism when local information is limited, disabling … contracts. Finally, the presence of even weak local information implies that the mechanism cannot be successfully used by formal …

pollutant, the tax/subsidy scheme can be designed to allow local information to play an essential role in the environmental … designed to allow local information little influence on the environmental policy. Copyright Kluwer Academic Publishers 2003 …

, financial centres perform an important role in aggregating local information. Therefore a reduction of global market access and …

information transfer costs ("sticky" local information) will tend drive the locus of problem-solving in the opposite direction …-to-transfer local information about a particular application being solved, such as the direct users of a product or service. We examine …