Recent empirical evidence suggests that financial networks exhibit a core periphery network structure. This paper aims … at giving an economic explanation for the emergence of such a structure using network formation theory. Focusing on … intermediation benefits, we find that a core periphery network cannot be unilaterally stable when agents are homogeneous. The best …

When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know … frictionaffects network formation, while the second coordination friction affects networkclearing. We show that those frictions and … arise and the number of matches on a given network. Equilibria that exhibitwage dispersion are inefficient in terms of …

are connected according to an undirected graph, the social network, and have the choice between two actions: either to … network. (2) Average inclination governs collective adoption behavior. (3) Initial inclinations determine the critical mass of … network and other parameters. Given the complexity of the system we use a standard technique for estimating the solution. …

network. Interestingly, unconnected equilibria are asymmetric and central players may emerge. Second, I show that non …

</I>.<P> This paper characterizes the set of equilibrium networks in the two-way flow model of network formation with small decay …

We investigate contributions to the provision of public goods on a network when efficient provision requires the … formation of a star network. We provide a theoretical analysis and study behavior in a controlled laboratory experiment. In a 2x …