We develop a dynamic network formation model that can explain the observed nestedness
in real‐world networks. Links are formed on the basis of agents' centrality and have an …

This paper develops a framework for analyzing individuals' choices in the presence of
endogenous social networks and implements it with data on teen smoking decisions and …

We analyze delinquent networks of adolescents in the United States. We develop a dynamic
network formation model showing who the key player is, ie the criminal who once removed …

Modeling the evolution of networks is central to our understanding of large communication
systems, and more general, modern economic and social systems. The research on social …

We survey the recent literature on coordination games, where there is a conflict between risk
dominance and payoff dominance. Our main focus is on models of local interactions, where …

We consider a co-evolutionary model of social coordination and network formation where
agents may decide on an action in a 2× 2-coordination game and on whom to establish …

This paper examines a dynamic process of unilateral and joint deviations of agents and the
resulting stochastic evolution of social conventions. Our model unifies stochastic stability …

This study primarily seeks to answer the following question: How do social networks evolve
over time and affect individual economic activity? To provide an adequate empirical tool to …

Noncooperative game-theoretic methods have been widely utilized in system-level
engineering applications as they are capable of aggregating interests, information, and …

We study the long-run stability of trade networks in a two-sided economy. Each agent
desires relationships with the other side, but having multiple partners is costly. This cost …