This paper studies a noncooperative model of network formation. Built upon the two-way flow model of Bala and Goyal …

network that connects them. We find that information supports cooperation by increasing trust between players, and obtain the … 'radius of trust': an endogenous network listing the potentially cooperative relationships between pairs of players in a … community. We identify two aspects of trust, which relate to the network structure in different ways. Where trust depends on the …

Most literature in strategic network formation shows that there is a substantial tension between stability and … (2000a) and De Jaegher and Kamphorst (2015). Specifically, I show that every link receiver in a Nash network serves as an …

particular, if the linking costs are not too low and not too high, at least one such network is pairwise stable. Moreover, in … explanation for many core-periphery structures observed in real life social networks. -- Network Formation ; Heterogeneity …

Two project leaders (or entrepreneurs) in a network, which captures social relations, recruit players in a strategic … selects one equilibrium at a time. An agent's expected payoff is related to his position in the network, though no centrality …

-conforming with their neighbors. We show that an agent's social influence on the long-run group opinion is increasing in network … out that misrepresentation of opinions need not undermine wisdom, but may even enhance it. Given the network, we provide …

neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common …