Vega-Redondo, Fernando; Marsili, Matteo; Slanina, Frantisek - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 628-638
The paper discusses the important role of clustering in the evolution of social networks, as it affects not only the incentives of players to cooperate but also their ability to search for fresh opportunities. Depending on the volatility of the environment and the social convention in place, we...