A Dynamic Formation Procedure of Information Flow Networks

Gao Hongwei (), Qiao Han (), Sedakov Artem () and Wang Lei ()
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Gao Hongwei: College of Mathematics, Qingdao University, Qingdao, 266071, China
Qiao Han: Management School, University of Chinese Academy of Sciences, Beijing, 100190, China
Sedakov Artem: Faculty of Applied Mathematics and Control Processes, Saint Petersburg State University, Saint Petersburg, 198504, Russia
Wang Lei: Department of Mathematics, Teachers College of Qingdao University, Qingdao, 266071, China

Journal of Systems Science and Information, 2015, vol. 3, issue 2, 97-110

Abstract: A characterization of the equilibrium of information flow networks and the dynamics of network formation are studied under the premise of local information flow. The main result of this paper is that it gives the dynamic formation procedure in the local information flow network. The research shows that core-periphery structure is the most representative equilibrium network in the case of the local information flow without information decay whatever the cost of information is homogeneous or heterogeneous. If the profits and link costs of local information flow networks with information decay are homogeneous empty network and complete network are typical equilibrium networks, which are related to the costs of linking.

Keywords: local information flow; information decay; dynamic procedure; core-periphery architecture; equilibrium network (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jossai:v:3:y:2015:i:2:p:97-110:n:1

DOI: 10.1515/JSSI-2015-0097

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