Ortega, Olaizola; Norma, María; Valenciano Llovera, … - Departamento de Fundamentos del Análisis Económico I, … - 2012
This paper provides a new model of network formation that bridges the gap between the two benchmark models by Bala and Goyal, the one-way flow model, and the two-way flow model, and includes both as particular extreme cases. As in both benchmark models, in what we call an "asymmetric flow"...