Revisiting Friendship Networks

Aditi Roy and Sudipta Sarangi

Economics Bulletin, 2009, vol. 29, issue 4, 2640-2647

Abstract: We extend the model of friendship networks developed by Brueckner (2006) in two ways. First, we extend the level of indirect benefits by incorporating benefits from up to three links and explore its implication for the socially optimal and individual effort levels. Next, we generalize the magnetic agent problem by allowing for more than 3 players by restricting ourselves to regular networks that include payoffs from the magnetic agent.

Keywords: Social networks; Endogenous effort; Magnetic agent (search for similar items in EconPapers)
JEL-codes: C7 D8 (search for similar items in EconPapers)
Date: 2009-10-20
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Citations: View citations in EconPapers (3)

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