Showing 11 - 20 of 31,608
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/10010272547
and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity … own links and strategic complements, a local uniqueness property of pairwise stable networks is derived. The results do …
Persistent link: https://www.econbiz.de/10010272600
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/10010279423
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
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
and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity … own links and strategic complements, a local uniqueness property of pairwise stable networks is derived. The results do …
Persistent link: https://www.econbiz.de/10008509509
We present a new approach to the study of networks where the formation of links is driven by unilateral initiative of … generalization of the model in which intermittent states can make the evolution of connectivity slower. In this class of networks … to a class of networks not based on the rationale of linking probability between pair of nodes, but it is based on the …
Persistent link: https://www.econbiz.de/10011789760
We present a new approach to the study of networks where the formation of links is driven by unilateral initiative of … generalization of the model in which intermittent states can make the evolution of connectivity slower. In this class of networks … to a class of networks not based on the rationale of linking probability between pair of nodes, but it is based on the …
Persistent link: https://www.econbiz.de/10011671040
We introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows us to consider production complementarities previously outside the scope of matching theory. We show analogues of the first and second welfare theorems and, when agents'...
Persistent link: https://www.econbiz.de/10011189755
In this paper we investigate the effects of network topologies on asset price dynamics. We introduce network communications into a simple asset pricing model with heterogeneous beliefs. The agents may switch between several belief types according to their performance. The performance information...
Persistent link: https://www.econbiz.de/10010871048