. Simultaneously, individuals adapt their behavior, leading to an intricate interplay been network evolution and behavior evolution …

A new model of strategic networking is developed and analyzed, where an agent’s investment in links is nonspecific. The … statics results for Nash equilibria with respect to investment costs for supermodular as well as submodular networking games …. Finally, we provide a broad spectrum of applications from social interaction to industrial organization. …

neighbors in the social network. The same activities often exert externalities that cumulate in "stocks" affecting agents …, for instance, care about their friends' health). In such contexts, the patterns of strategic interaction differ from the … network of social relations, as agents display strategic substitution with distance-two neighbors. We show that behavior is …