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We analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits … characterization of both equilibrium networks and endogenous production choices in the form of a Gibbs measure. We analyze the … efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core …
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to create an open atmosphere for knowledge creation while control acts as a safeguard against malfeasance. Networks that … neglect either one often create less knowledge, such as new skills and products. Temporary networks, however, may have to … innovation networks in the Eindhoven region in the Netherlands. Previous research showed that these networks contribute to …
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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 … networks are consistent with empirically observed networks. We then use our equilibrium characterization to show that the model …
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incentives targeted towards creation of stable networks of potential users of scientists' research. Secondly, authorities should …
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