We investigate a two-strategy logit choice coordination game on heterogeneous networks. We show that the heterogeneity … of a network affects the outcome in that it determines the number of stable steady states and the properties of the … states. The network heterogeneity also determines which of the stable steady states is realized in the end and the …

We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action … in a 2x2 - coordination game and on whom to establish costly links to. We find that a payoff dominant convention is …

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 … frictions in the relations among agents are endogenous. Frictions are modeled as dependent on the result of a coordination game …