König, Michael D. - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 813-863
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 …