Part 6 of network analysis illustrates the determination of efficient (optimal) minimum cost as the primary objective …

This paper studies the problem of optimal path selection in a directed network by decision makers that have an … welfare in terms of both the network topology and the degree of choice aversion, where we derive comparative statics …

This paper develops a positive theory of network connectivity, seeking to explain the micro-foundations of alternative … network topologies as the result of self-interested actors. By building roads, landowners hope to increase their parcels … around the centered parcel before the network pushes outward to the periphery. In addition, road network topology undergoes …

at giving an economic explanation for the emergence of such a structure using network formation theory. Focusing on …Recent empirical evidence suggests that financial networks exhibit a core periphery network structure. This paper aims … intermediation benefits, we find that a core periphery network cannot be unilaterally stable when agents are homogeneous. The best …

particular, if the linking costs are not too low and not too high, at least one such network is pairwise stable. Moreover, in … explanation for many core-periphery structures observed in real life social networks. -- Network Formation ; Heterogeneity …

clique (“core”) and an empty network (“periphery”). A possible explanation for the emergence of this structure is provided by … intermediate. Thus, in this framework, the network formation process converts an exogenous, intellectual advantage into a central … position in the social network …