König, Michael D. - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 813-863
This paper analyzes the formation of networks in which each agent is assumed to possess some information of value to … networks emerge. However, for large noise, a smaller observation radius generates networks with a larger degree variance. These … networks can also be shown to have larger aggregate payoff. I then estimate the model using a network of coinventors and …