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This paper proposes a tractable model that allows us to analyze how agents' perception of relationships with others determines the structures of networks. In our model, agents are endowed with their own multidimensional characteristics and their payoffs depend on the social distance between...
Persistent link: https://www.econbiz.de/10011705107
Climate change has inspired the interest of the academic community in the most diverse areas of knowledge. This study tests and revisits the environmental Kuznets curve assumptions for Portugal. The econometric strategy used in this research is time series (ARIMA model, OLS estimator, ARCH...
Persistent link: https://www.econbiz.de/10011824180
agents form a core-periphery network, with core members acting as conduits of information on behalf of their stakeholders …, effectively intermediating all transmissions of information within the network. …
Persistent link: https://www.econbiz.de/10011894382
We introduce a simple two-stage game of endogenous network formation and information sharing for reasoning about the … then we study how the network design and the utility specifications affect welfare. Surprisingly, we find that in general … "babblers" or "friends", irrespective of whether the network is unilateral or bilateral, in equilibrium, targeted information …
Persistent link: https://www.econbiz.de/10010360337
The paper proposes a game of weighted network formation in which each agent has a limited resource to form links of …, uniquely predicts the equilibrium values of each agent's network investment and utility level, as well as the ratio of any two …
Persistent link: https://www.econbiz.de/10012415548
nodes. First, we propose a mathematical description of the extreme introvert and extrovert model (XIE), a dynamic network … initiative of the single units when they act. We select the minimal case of a bipartite network where we have two groups of nodes … extreme Thouless effect in this model, i.e. a mixed-phase transition at which the order parameter, here given by the network …
Persistent link: https://www.econbiz.de/10011671040
This paper studies a noncooperative model of network formation. Built upon the two-way flow model of Bala and Goyal …
Persistent link: https://www.econbiz.de/10011558335
Most literature in strategic network formation shows that there is a substantial tension between stability and … efficiency. In this note, I show that such is not the case in the twoway flow model with small decay studied by Bala and Goyal … (2000a) and De Jaegher and Kamphorst (2015). Specifically, I show that every link receiver in a Nash network serves as an …
Persistent link: https://www.econbiz.de/10013254442
The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10010249740
that while the global network structure remains stable, individual exposures are more dynamic. The main message from the …
Persistent link: https://www.econbiz.de/10014482892