We examine the dynamic formation and stochastic evolution of networks connecting individuals whose payoffs from an … a process creates a sequence of networks that we call an 'improving path'. The changes made along an improving path make … the individuals, who added or deleted the relevant link(s) at each date, better off. Such sequences of networks can cycle …

alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given …

I survey the recent literature on the formation of networks. I provide definitions of network games, a number of …

searching at all (low search intensity equilibrium). In both equilibria consumers search less frequently in denser networks. The …

The science of social networks is a central field of sociological study, a major application of random graph theory … focus on the formal modeling of social networks and the two major types of models: those based on random graphs and those …

We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … links. We characterize the networks that are supported under these variations and show how each of the above aspects is …