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Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71 …, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between … results that relate situations of positive externalities with stable networks that cannot be "too dense" in a well …
Persistent link: https://www.econbiz.de/10005002279
network position, it has not been explicitly studied which networks emerge if actors follow incentives for these two … for closeness are likely to reach networks with relatively low closeness and high betweenness, while this is the other way …
Persistent link: https://www.econbiz.de/10005002283
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71 …, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between … general results that relate situations of positive externalities with stable networks that cannot be “too dense” in a well …
Persistent link: https://www.econbiz.de/10005008043
In a variety of contexts - ranging from public goods provision to information collection - a player's well-being depends on own action as well as on the actions taken by his or her neighbors. We provide a framework to analyze such strategic interactions when neighborhood structure, modeled in...
Persistent link: https://www.econbiz.de/10005076082
combination of speed with dense and homogeneous networks harms revenue growth over time. The effects of structural holes and …
Persistent link: https://www.econbiz.de/10005677662
This paper shows that the set of probability distributions over networks induced by Nash equilibria of the network … formation game proposed by Myerson (1991) is finite for a generic assignment of payoffs to networks. The same result can be …
Persistent link: https://www.econbiz.de/10005422767
Anti-corruption laws forbid selling nominations to public jobs. Even if bribing is ruled out, those interested in the nominations may invest in good relationships with the nominators. This provides a legal way to influence the decision. Such networking is costly, however. Thus, rent-seeking...
Persistent link: https://www.econbiz.de/10005588000
–world networks. Evidence from the main Colombian payment and settlement systems verifies that local financial networks have self … financial networks, and suggest new insights and challenges for authorities contributing to their stability. For instance, (i …
Persistent link: https://www.econbiz.de/10010765007
builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive …
Persistent link: https://www.econbiz.de/10010601616
We investigate the scope for cooperation within a community engaged in repeated reciprocal interactions. Players seek the help of others and approach them sequentially according to some fixed order, that is, a ranking profile. We study the ranking profiles that are most effective in sustaining...
Persistent link: https://www.econbiz.de/10010602394