Showing 1 - 10 of 21
This paper studies the formation of networks among individuals. The focus is on the compatibility of overall societal welfare with individual incentives to form and sever links. The paper reviews and synthesizes some previous results on the subject, and also provides new results on the existence...
Persistent link: https://www.econbiz.de/10005135109
We analyze the formation of networks among individuals. In particular, we examine the existence of networks that are stable against changes in links by any coalition of individuals. We show that to investigate the existence of such strongly stable networks one can restrict focus on a...
Persistent link: https://www.econbiz.de/10005135119
We present a model of network formation where entering nodes find other nodes to link to both completely at random and … randomness in the formation process affects average utility in the network. …
Persistent link: https://www.econbiz.de/10005062339
We propose a simple non-cooperative mechanism of network formation in cost spanning tree problems. The only subgame …
Persistent link: https://www.econbiz.de/10005062358
This paper presents a model of local network effects in which agents connected in a social network each value adoption … equilibrium networks of adopters when the social network is an instance of a generalized random graph. …
Persistent link: https://www.econbiz.de/10005412882
I survey the recent literature on the formation of networks. I provide definitions of network games, a number of …
Persistent link: https://www.econbiz.de/10005550866
A new model of strategic network formation is developed and analyzed, where an agent's investment in links is … applications from social interaction to industrial organization. Models of strategic network formation typically assume that each … level or intensity of networking. In the simplest case, the agent faces a binary choice: to network or not to network. If an …
Persistent link: https://www.econbiz.de/10005118625
We show in this paper that spatial dependence and spatial heterogeneity matter in the estimation of the b-convergence process among 138 European regions over the 1980-1995 period. Using spatial econometrics tools, we detect both spatial dependence and spatial heterogeneity in the form of...
Persistent link: https://www.econbiz.de/10005556337
The study of regional income convergence continues to attract enormous attention. Recent emphasis has been placed on the underlying spatial dimensions of regional growth processes both from theoretical and empirical perspectives, as well as from exploratory and confirmatory methodological...
Persistent link: https://www.econbiz.de/10005118991
This paper analyzes the evolution of labor productivity disparities among 145 European regions over 1975-2000 according to the concepts of ƒã- and ƒÒ-convergence and emphasizes the importance of including spatial effects and a disaggregated analysis at a sectoral level. We detect a...
Persistent link: https://www.econbiz.de/10005119010