firms. Under the proposed information mechanism, consumers share their initial information with the members of their network … characterizing how many different pieces of information a network is likely to contain. This informativeness is crucial for the … results are robust to the introduction of sequential search and network segregation, but an increase in segregation decreases …

network of agents. In our model, agents are identically informed a priori and observe network neighbors’ actions as well as … observed payoffs and imitate observed actions. Our results also allow us to interpret critical mass and network brokerage …

I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … social welfare increase as the consumers network becomes denser. These results are reverse when search costs are high. …

I examine a search model a la' Burdett and Judd (1983). Consumers are embedded in a consumers network, they may costly … social welfare increase as the consumers network becomes denser. These results are reverse when search costs are high …