Jaegher, K. de; Kamphorst, J.J.A. - School of Economics, Universiteit Utrecht - 2009
The set of equilibrium networks in the two-way flow model of network formation (Bala and Goyal, 2000) is very sensitive to the introduction of decay. Even if decay is small enough so that equilibrium networks are minimal, the set of equilibrium architectures becomes much richer, especially when...