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Deutsches Institut für Wirtschaftsforschung (DIW), Berlin >
DIW-Diskussionspapiere >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18073
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Haller, Hans | | en_US |
| dc.contributor.author | | Sarangi, Sudipta | | en_US |
| dc.date.accessioned | | 2009-01-28T15:39:11Z | | - |
| dc.date.available | | 2009-01-28T15:39:11Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18073 | | - |
| dc.description.abstract | | A non-cooperative model of network formation is developed. Agents form links with others based on the cost of the link and its assessed benefit. Link formation is one-sided, i.e., agents can initiate links with other agents without their consent, provided the agent forming the link makes the appropriate investment. Information flow is two-way. The model builds on the work of Bala and Goyal, but allows for agent heterogeneity. Whereas they permit links to fail with a certain common probability, in our model the probability of failure can be different for different links. We investigate Nash networks that exhibit connectedness and super-connectedness. We provide an explicit characterization of certain star networks. Efficiency and Pareto-optimality issues are discussed through examples. We explore alternative model specifications to address potential shortcomings. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | | en_US |
| dc.relation.ispartofseries | | DIW-Diskussionspapiere 337 | | en_US |
| dc.subject.jel | | D83 | | en_US |
| dc.subject.jel | | D82 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.stw | | Soziales Netzwerk | | en_US |
| dc.subject.stw | | Informationsverbreitung | | en_US |
| dc.subject.stw | | Nash-Gleichgewicht | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Nash Networks with Heterogeneous Agents | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 370777174 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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