communication or spillovers via the links between them. Linking decisions are based on network-dependent marginal payoff and a … the other agents in the network. Agents derive payoff from having access to the information of others through … network independent noise capturing exogenous idiosyncratic effects. Moreover, agents have a limited observation radius when …

network structure. We provide a general characterization of both equilibrium networks and endogenous production choices, and … compare it to the efficient network architecture. We also allow for firms to differ in their technological characteristics …, investigate how this affects their propensity to collaborate and study the resulting network architecture. …

economy. Our efficiency analysis further allows us to study the effect of competition on innovation in R&D intensive … portfolio of ideas that changes over time through innovations and knowledge spillovers between collaborating firms. The … destruction leading to the obsolescence of existing technologies. We quantify the innovation gains from collaborations, and show …

network structure. We provide a general characterization of both equilibrium networks and endogenous production choices, and … compare it to the efficient network architecture. We also allow for firms to differ in their technological characteristics …, investigate how this affects their propensity to collaborate and study the resulting network architecture. -- Bonacich centrality …

This paper presents a model of local network effects in which agents connected by a social network each value the …-Nash equilibria of this network game are in monotone strategies, can be strictly Pareto-ranked based on a scalar neighbor … which the social network is an instance of a Poisson random graph, when it is a complete graph, a standard model of network …

This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with … intensity of cooperation and innovation. Within different knowledge regimes, we examine the structure of networks that emerge … and how firms perform within such networks. Our model replicates some stylised empirical results on network structure and …