In search of stars: Network formation among heterogeneous agents
نویسندگان
چکیده
منابع مشابه
In search of stars: Network formation among heterogeneous agents
This paper reports results from a laboratory experiment on network formation among heterogeneous agents. The experimental design extends the Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by introducing agents with lower linking costs or higher benefits to others. Furthermore, agents’ types may be common knowledge or private information. In all treatments, ...
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The present paper analyzes a network formation problem, mainly based on the framework presented in [Bala-Goyal 2000]. We depart from their assumptions in two crucial aspects. On one hand, we assume that connecting to an agent pays off not only for the number of connections that the agent can provide but also for her intrinsic value. Since the values of the agents (which represent the amounts of...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2009
ISSN: 0899-8256
DOI: 10.1016/j.geb.2008.12.005