Efficient Networks in Models with Player and Partner Heterogeneity

This paper characterizes efficient networks in player and partner heterogeneity models for both the two‐way flow and the one‐way flow networks. Player (partner) dependent network formation allows benefits and costs to be player (partner) heterogeneous, which is an important extension for modeling so...

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Bibliographic Details
Published in:The Manchester school 2018-01, Vol.86 (1), p.100-118
Main Author: Unlu, Emre
Format: Article
Language:English
Subjects:
Social networks
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Summary:This paper characterizes efficient networks in player and partner heterogeneity models for both the two‐way flow and the one‐way flow networks. Player (partner) dependent network formation allows benefits and costs to be player (partner) heterogeneous, which is an important extension for modeling social networks in the real world. This paper shows that efficient networks are minimally connected and have either a star‐type or a variation of star‐type architectures in the two‐way flow model, and have the wheel architecture in the one‐way flow model.
ISSN:1463-6786
1467-9957
DOI:10.1111/manc.12196