, we construct an information-network model incorporating both information transmitters and information aggregators. Given … network equilibrium, its optimality and the patterns of equilibrium and optimal configuration. We then allow for endogenous … costs, the monocentric network with one aggregator connecting to all other agents as transmitters on a tree graph is the …

restricted to a particular network (e.g., a hierarchy). When communication between the mediator and the players is not direct and … private, as assumed when invoking the revelation principle, there may be incentives for other players in the network to … network of communication such that restricting communication between the mediator and the players to a particular network does …

We introduce a simple two-stage game of endogenous network formation and information sharing for reasoning about the … then we study how the network design and the utility specifications affect welfare. Surprisingly, we find that in general … "babblers" or "friends", irrespective of whether the network is unilateral or bilateral, in equilibrium, targeted information …