TY  - GEN
AB  - We study network formation in a strategic setting where every agent strives for short paths to the other agents. The main parameter of our model is the marginal rate of substitution between network benefits and linking costs. We provide boundaries of stable networks for increasing and decreasing marginal returns.
The formulated model stands in strong relation to the famous connections model (Jackson & Wolinsky '96): we show that for certain parameter values both models induce the same network structures.
DA  - 2007
KW  - Decreasing returns
KW  - Closeness centrality
KW  - Connections
KW  - Increasing returns
KW  - Networks
LA  - eng
PY  - 2007
SN  - 0931-6558
TI  - Network formation with closeness incentives
UR  - https://nbn-resolving.org/urn:nbn:de:hbz:361-13672
Y2  - 2024-11-22T08:26:40
ER  -