We consider a non-cooperative model of information networks where communication is costly and not fully reliable. We examine the nature of Nash networks and efficient networks.

We develop a dynamic model to study the formation of communication networks. In this model, individuals periodically make decisions concerning the continuation of existing information links and the formation of new information links, with their cohorts. These decisions trade off the costs of...

When payoffs from different actions are unknown, agents use their own past experience as well as the experience of their neighbors to guide their current decision making. This paper develops a general framework to study the relationship between the structure of information flows and the process...