This paper analyses a simultaneous game of network formation and information acquisition where the benefit structure is … such that the benefit that an agent derives from the network she is located in depends on the maximum information that … someone in her neighbourhood, including herself, acquires. It turns out that in equilibrium star network emerges as the unique …

This paper brings together analyses of two-way flow Strict Nash networks under exclusive player heterogeneity … two assumptions influence important properties of Strict Nash networks. Built upon the findings of Billand et al (2011 …, I provide a proposition that generalizes the results of these two models by stating that: (i) Strict Nash network …

It is widely recognized that the shape of networks influences both individual and aggregate behavior. This raises the … question which types of networks are likely to arise. Our paper fits into the literature that addresses this question. The … paper continues on the work of Galeotti, Goyal and Kamphorst (2003). In their paper they investigate a model of network …