This paper considers a model of economic network characterized by an endogenous architecture and frictions in the … relations among agents as described in Bala and Goyal (2000). We propose a similar network model with the difference that …

This paper considers a communication network characterized by an endogenous architecture and an imperfect transmission … of information as in Bala and Goyal (2000). We propose a similar network's model with the difference that it is … dominant. Differently from other models, where the network represents only a channel to obtain information or to play a game …

in R&D partnerships. We first examine the efficiency of a given network structure in terms of the maximization of total … profits in the industry. We show that the efficient network structure depends on the marginal cost of collaboration. When the … marginal cost is low, the complete graph is efficient. However, a high marginal cost implies that the efficient network is …

This paper surveys a variety of topics related to network economics. Topics covered include: consumer demand under … network effects, compatibility decisions and standardization, technology advances in network industries, two-sided markets …

We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub … firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which … allows lenders to offer different interest rates to network and stand-alone entrepreneurs. We show that a network outcome can …

This paper analyses the effect of railway investment on land prices and land use in a polycentric city under various …

and, thus, produce railway services with a higher level of efficiency. To determine whether joint or separate production …