Characterization of efficient networks in a generalized connections model with endogenous link strength
Abstract We consider a natural generalization of Jackson and Wolinsky’s (J Econ Theory 71:44–74, 1996) connections model where the quality or strength of a link depends on the amount invested in it and is determined by a non-decreasing function of that amount. The information that the nodes receive...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2020-02-01
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| Series: | SERIEs: Journal of the Spanish Economic Association |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s13209-020-00212-6 |