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This paper introduces a framework for joint hub network development. Building a joint physical hub for transhipment of … unlikely that an entire network will be built at once. Rather, the partners will have a more cautious attitude and build the … opportunity to decide whether or not they participate (and thus invest) in this network extension. The framework is also …
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. Simultaneously, individuals adapt their behavior, leading to an intricate interplay been network evolution and behavior evolution …
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collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding … problem. Still, if subjects are able to solve the coordination problem, they invest in a suboptimal way in the network good …
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