in the context of a network formation game (where links can be interpreted as friendships in a social network … acquiring the information with others) through a percolation process over the equilibrium network. Privacy concerns are modeled …

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 …

the interplay between knowledge diffusion and network formation can give rise to a cyclical pattern in the collaboration … large R&D collaboration network over the years 1985 to 2011. We then study the efficient network structure, compare it to … the decentralized equilibrium structures generated, and design an optimal network policy to maximize welfare in the …

Novating a single asset class to a central counterparty (CCP) in an over-the-counter derivatives trading network … extend the work of Duffie and Zhu (2011) by considering general classes of network structures and focus on scale-free and … is unlikely to be beneficial when the link structure of the network relies on just a few key nodes. In particular, in …

A large literature has studied how peers affect behavior by exploiting the preexisting social network structure only … unique panel dataset that contains detailed information on the network of informal financial transactions before and after a … structure of the network of informal financial transactions among households. Second, we estimate a panel model of peer effects …

In this paper, we examine possible types of network formation among immigrants in the diaspora and between those … network structure on the country of origin, such as on international trade. We find that when the size of the diaspora is …

We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … new employee via the social network. …

to network formation in order to develop such a model. Agents spend costly resources to socialize. Their effort levels …

This paper analyses a simultaneous game of network formation and information acquisition where the benefit structure is … such that the benefit that an agent derives from the network she is located in depends on the maximum information that … someone in her neighbourhood, including herself, acquires. It turns out that in equilibrium star network emerges as the unique …

High levels of clustering—the tendency for two nodes in a network to share a neighbor—are ubiquitous in economic and … otherwise separate network regions, representing rewards for filling “structural holes” in the sense of Burt (1992) and keeping … distances in networks short. This paper proposes a parsimonious model of network formation with introductions and intermediation …