Showing 1 - 10 of 127
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10008467316
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10005008043
We consider any network environment in which the “best shot game” is played. This is the case where the possible … 1 is minimal. To find such an equilibrium is a very hard task for any non-trivial network architecture. We propose an … network structure is unknown to the social planner. …
Persistent link: https://www.econbiz.de/10005008037
, graph theory, social choice and bargaining theory, and by using the computer support system RelView for computing solutions …
Persistent link: https://www.econbiz.de/10005230883
We examine how three different communication processes operating through social networks are affected by homophily - the tendency of individuals to associate with others similar to themselves. Homophily has no effect if messages are broadcast or sent via shortest paths; only connection density...
Persistent link: https://www.econbiz.de/10005008021
We study learning and influence in a setting where agents communicate according to an arbitrary social network and … general structural conditions on the social network that are sufficient for convergence to truth. In addition, we show how …
Persistent link: https://www.econbiz.de/10005423267
The explosion in online social networks motivates an enquiry into their structure and their welfare effects. A central feature of these networks is information sharing: online social networks lower the cost of getting information from others. These lower costs affect the attractiveness of...
Persistent link: https://www.econbiz.de/10010781878
-conforming with their neighbors. We show that an agent's social influence on the long-run group opinion is increasing in network … centrality and decreasing in conformity. Concerning efficiency of information aggregation or “wisdom" of the society, it turns … out that misrepresentation of opinions need not undermine wisdom, but may even enhance it. Given the network, we provide …
Persistent link: https://www.econbiz.de/10010781882
neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common …
Persistent link: https://www.econbiz.de/10010781888
fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective “specialized …, the process may be subject to congestion. We provide a characterization of the threshold of collapse of the network and of … to address a design problem: the determination of what kind of network architecture optimizes performance for any given …
Persistent link: https://www.econbiz.de/10004990060