This paper presents a model of local network effects in which agents connected by a social network each value the …-Nash equilibria of this network game are in monotone strategies, can be strictly Pareto-ranked based on a scalar neighbor … which the social network is an instance of a Poisson random graph, when it is a complete graph, a standard model of network …

This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with … intensity of cooperation and innovation. Within different knowledge regimes, we examine the structure of networks that emerge … and how firms perform within such networks. Our model replicates some stylised empirical results on network structure and …

own experimentation, so total information decreases with network density; we determine density thresholds below which … agents asymptotically learn the state. In contrast, agent welfare is single-peaked in network density, and achieves a second …

network of agents. In our model, agents are identically informed a priori and observe network neighbors’ actions as well as … observed payoffs and imitate observed actions. Our results also allow us to interpret critical mass and network brokerage …

We develop a network model whose links are governed by banks' optmizing decisions and by an endogenous tâtonnement … evolution of the network configuration under various prudential policy regimes, to measure banks' contribution to systemic risk …

This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with … intensity of cooperation and innovation. Within different knowledge regimes, we examine the structure of networks that emerge … and how firms perform within such networks. Our model replicates some stylised empirical results on network structure and …

We investigate the network topology of a comprehensive data set of the world-wide population of corporate entities. In …