This paper proposes an empirical model of network formation, combining strategic and random networks features. Payoffs …. Under mild assumptions, the network formation process is a potential game and converges to an exponential random graph model …

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 …

We introduce a simple two-stage game of endogenous network formation and information sharing for reasoning about the … then we study how the network design and the utility specifications affect welfare. Surprisingly, we find that in general … "babblers" or "friends", irrespective of whether the network is unilateral or bilateral, in equilibrium, targeted information …

The Lightning Network is a decentralized payment network built on top of a block-chain, in which intermediary nodes … provide a trust-less routing service for end users. We provide an overview of the current state of the network and show that … strategically on the network. Those strategic interactions between nodes can be described by a Bertrand competition model with …

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 …

We propose a new method for assessing agents' influence in network structures, which takes into consideration nodes …

efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core … counterfactual analyses, taking into account that the network and production can dynamically adjust to shocks or policy interventions ….6%. Our study further reveals that when ignoring the network structure the impact of firm exit or mergers is significantly …

We study lobbying in a setting in which decision-makers share resources in a network. Two opposing interest groups …-makers' ideologies as well as the network structure. We characterize the lobbying strategies in various network settings and show that a …

nodes. First, we propose a mathematical description of the extreme introvert and extrovert model (XIE), a dynamic network … initiative of the single units when they act. We select the minimal case of a bipartite network where we have two groups of nodes … extreme Thouless effect in this model, i.e. a mixed-phase transition at which the order parameter, here given by the network …