third partners. We propose a micro perspective to understand how endogenous network effects, cognitive proximity of actors … and their interplay influence the evolutionary process of network formation in clusters. …

, and a willingness to pay for connectivity. A planner aims at implementing a welfare maximizing network and allocating the …

This paper analyses the private provision of public goods where agents interact within a fixed network structure and … the concept of k-insulated set, any network supports a Nash equilibrium with no intermediate contributors. …

from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …

particular, if the linking costs are not too low and not too high, at least one such network is pairwise stable. Moreover, in … explanation for many core-periphery structures observed in real life social networks. -- Network Formation ; Heterogeneity …

Two project leaders (or entrepreneurs) in a network, which captures social relations, recruit players in a strategic … selects one equilibrium at a time. An agent's expected payoff is related to his position in the network, though no centrality …

The Lightning Network is a decentralized payment network built on top of a block-chain, in which intermediary nodes … provide a trust-less routing service for end users. We provide an overview of the current state of the network and show that … strategically on the network. Those strategic interactions between nodes can be described by a Bertrand competition model with …