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Unilateral vs. Bilateral link-formation: Bridging the gap
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2014-05-28)
We provide a model that bridges the gap between two benchmark models of strategic network formation: Jackson and Wolinsky' s model based on bilateral formation of links, and Bala and Goyal's two-way fl ow model, where links ...
From bilateral two-way to unilateral one-way flow link-formation
(Departamento de Fundamentos del Análisis Económico I, 2014-11-26)
We provide a model that bridges de gap between the simplest variation of two benchmark models of strategic network formation: Bala and Goyal s one-way ow model without decay, where links can be unilaterally formed, and a ...