This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The … experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by … network has a "star" structure. We find that with homogeneous agents, equilibrium predictions fail completely. In contrast …

When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those … that can arise and the number of matches on a given network. Equilibria that exhibit wage dispersion are inefficient in …

results with those obtained in sociology. -- Random graph ; game theory ; centrality measures ; network formation ; weak and … network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …

the members of a network who are linked with each other by direct social connections. To model the comparisons, we compose … ratio: the network's aggregate level of relative deprivation divided by the aggregate level of the relative deprivation of a … hypothetical network in which one member of the network receives all the income, and it is with this member that the other members …

embedded in a family network. Eligible but isolated households do not respond. The mechanism through which the extended family … influences household schooling choices is the redistribution of resources within the family network from eligibles that receive … school. -- Extended family network ; PROGRESA ; resource sharing ; schooling …

We specify and implement a test for the importance of network effects in determining the establishments at which people … importance of network effects for groups broken out by race, ethnicity, and various measures of skill, for networks generated by …