Heterogeneity in Nash Networks
AbstractHeterogeneity in Nash networks can arise due to differences in the following four variables: (i) the value of information held by agents, (ii) the rate at which information decays or loses its value as it traverses the network, (iii) the prob- ability with which a links transmits information, and (iv) the cost of forming a link. In this paper we examine Nash networks, efficient networks and the existence of equilibrium networks under different heterogeneity conditions for the two-way flow model of networks.
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Bibliographic InfoPaper provided by Department of Economics, Louisiana State University in its series Departmental Working Papers with number 2006-18.
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-11-25 (All new papers)
- NEP-GTH-2006-11-25 (Game Theory)
- NEP-MIC-2006-11-25 (Microeconomics)
- NEP-NET-2006-11-25 (Network Economics)
- NEP-SOC-2006-11-25 (Social Norms & Social Capital)
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