Endogenous link strength in directed communication networks
نویسنده
چکیده
We present a model of communication network formation in which links’ strengths are endogenously determined by individual incentives. Agents are endowed with a fixed amount of resource which they can distribute as they want in directed links. Individuals capture benefits from both direct and indirect access to others, in a way that takes into account the strength of each link. The wheel architecture is shown to be the unique efficient and stable architecture under mild restriction. JEL Classification Numbers: D85, C70
منابع مشابه
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ورودعنوان ژورنال:
- Mathematical Social Sciences
دوره 57 شماره
صفحات -
تاریخ انتشار 2009