Communication networks with endogenous link strength and the possibility of gains from diversification

Chiu Ki So

No 45-13, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: We study communication networks where the strength of the direct link between any pair of agents is a concave function of their investments towards each other. We show that the symmetric complete network can be Nash stable and dominate the star architecture in terms of total utility.

Pages: 9 pages
Date: 2013-07
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