In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors … in the network benefit from each other's action levels through local complementarities and there exists a global …

efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core … counterfactual analyses, taking into account that the network and production can dynamically adjust to shocks or policy interventions ….6%. Our study further reveals that when ignoring the network structure the impact of firm exit or mergers is significantly …

In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors … in the network benefit from each other's action levels through local complementarities and there exists a global …

the interplay between knowledge diffusion and network formation can give rise to a cyclical pattern in the collaboration … large R&D collaboration network over the years 1985 to 2011. We then study the efficient network structure, compare it to … the decentralized equilibrium structures generated, and design an optimal network policy to maximize welfare in the …

Small and medium-sized enterprises (SMEs) that participate in network platforms can effectively overcome resource … further investigate this issue, we selected 310 Chinese SMEs to examine the relationship between platform network ties …, network bricolage, platform empowerment, and enterprise innovation, including both radical and incremental innovation. The …

both, the network of R&D collaborations as well as the market structure, are endogenously determined. We show that the … coevolution of market and network structure matter for the relationship between competition and innovation. Moreover, our model … allows us to explain differences in the R&D network structures observed across different industries, and how they are related …

linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong …