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 …

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 …

of the agreement form an information network. The network's members optimally specialize based on their opportunities in … particular aspects of the technology or in expanding or managing the network. Endogenously there are incentives to standardize on … designs and descriptions of the technology. A tinkerer in the network who sees an opportunity to produce a profitable product …