Modeling Resource Flow Asymmetries using Condensation Networks
AbstractThis paper analyzes the asymmetries with regard to the resources obtained by groups of players in equilibrium networks. We use the notion of condensation networks which allows us to partition the population into sets of players who obtain the same resources and we order these sets according to the resources obtained. We establish that the nature of heterogeneity plays a crucial role on asymmetries observed in equilibrium networks. Our approach is illustrated by introducing the partner heterogeneity assumption into the one-way ow model of Bala and Goyal.
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Bibliographic InfoPaper provided by Department of Economics, Louisiana State University in its series Departmental Working Papers with number 2012-01.
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- Pascal Billand & Christophe Bravard & Sudipta Sarangi, 2013. "Modeling resource flow asymmetries using condensation networks," Social Choice and Welfare, Springer, vol. 41(3), pages 537-549, September.
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