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 …

network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … does a poor job in matching real-world networks. We also analyze behaviors on networks, which take networks as given and …

network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … does a poor job in matching real-world networks. We also analyze behaviors on networks, which take networks as given and …

network. Interestingly, unconnected equilibria are asymmetric and central players may emerge. Second, I show that non …

This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation … shown that there always exists a pairwise stable network as long as the utility function of each player satisfies convexity … in own links and strategic complements. For network societies with a profile of utility functions satisfying concavity in …

allow for ex post Bertrand competition generate the maximum matching on arealized network. …When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know … frictionaffects network formation, while the second coordination friction affects networkclearing. We show that those frictions and …

Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a … substitutability and cross side complementarity. Given this preference domain I analyze the interplay between properties of the network … stable network, and (v) the existence of an efficient and individually stable network. These equivalences also provide a …

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …

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, with …