We consider a natural generalization of Jackson and Wolinsky's (J Econ Theory 71:44- 74, 1996) connections model where … that amount. The information that the nodes receive through the network is the revenue from investments in links. We prove … maximizing the aggregate profit, are still the all-encompassing star and the complete network, with the sole and rare exception …

neighbors in the network to form exclusive long-term partnerships that guarantee reciprocal favor exchange. Refusing to provide … in every network. Equilibrium behavior is determined by the classification of nodes in the Gallai-Edmonds decomposition … of the underlying network. …

identifying network effects on economic outcomes is first discussed, followed by solutions to this problem that have been put …

actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …

When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers …. Only wage mechanisms that allow for ex post competition generate the maximum matching on a realized network. We show that …

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 … arise and the number of matches on a given network. Equilibria that exhibitwage dispersion are inefficient in terms of …