This paper considers a simple communication network characterized by an endogenous architecture and an imperfect transmission of information. We analyze the process of network formation in a dynamic framework where self – interested individuals can form or delete links and, occasionally, are doing mistakes. Then, using stochastic stability, we identify which network structures the formation process will converge to.
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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number
2005.40.
Find related papers by JEL classification: A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics D20 - Microeconomics - - Production and Organizations - - - General J00 - Labor and Demographic Economics - - General - - - General
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Karandikar, R. & Mokherjee, D. & Ray, D. & Vega-Redondo, F., 1996.
"Evolving Aspirations and Cooperation,"
Papers
96-06, Valencia - Instituto de Investigaciones Economicas.