Many data situations require the consideration of network effects among the cross-sectional units of observation. In … this paper, we present a generalized panel model which accounts for two features: (i) three types of network effects on the … error components, and (ii) higher-order network effects due to ex-ante unknown network-decay functions or the presence of …

This paper provides a game-theoretic model of network formation with a continuous effort choice. Efforts are strategic … complements for direct neighbors in the network and display global substitution/congestion effects. We show that if the parameter … links according to a network cost function. Again all socially optimal configurations are such that the network is a nested …

network models, network formation, networks and spatial econometrics and applications of financial networks. Readers can also … learn about network models with different types of interactions, sample selection in social networks, trade networks …

the other agents in the network. Agents derive payoff from having access to the information of others through … communication or spillovers via the links between them. Linking decisions are based on network-dependent marginal payoff and a … network independent noise capturing exogenous idiosyncratic effects. Moreover, agents have a limited observation radius when …