The Insider-Outsider Model Reexamined

Pascal Billand, Christophe Bravard and Sudipta Sarangi
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Christophe Bravard: Gate Lyon-Saint-Etienne, University Jean Monnet, Saint-Etienne, 42023 Cedex 02, France

Games, 2010, vol. 1, issue 4, 1-16

Abstract: In this note we introduce different levels of decay in the Goyal, Galeotti and Kamphorst (GGK) insider-outsider model of network formation. First, we deal with situations where the amount of decay is sufficiently low to avoid superfluous connections in strict Nash networks and we examine the architectures of strict Nash networks. We show that centrality and small diameter are robust features of strict Nash networks. Then, we study the Nash and efficient networks when the decay vanishes.

Keywords: Two-way flow models; Nash networks; heterogeneity; decay (search for similar items in EconPapers)
JEL-codes: C C7 C70 C71 C72 C73 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Working Paper: The Insider-Outsider Model Reexamined (2010)
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