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New for: D3

What and Who

What would happen when everybody were calculative in building relationships?

Berno Büchel
Chair of Economic Theory, Saarland University
Talk
AG 1, AG 4, RG1, MMCI, AG 3, AG 5, SWS  
AG Audience
English

Date, Time and Location

Tuesday, 22 December 2009
13:00
30 Minutes
E1 4
024
Saarbrücken

Abstract

We study a network creation model where players are vertices who decide upon their (undirected, unweighted) edges. The utility of a player is increasing in the centrality of her network position (i.e. closeness and betweenness centrality) and decreasing in her degree. We characterize properties of the stable networks, e.g., finding that stable networks for various parameters do not contain large cliques or small cycles. Moreover, we provide a full characterization of the efficient networks (networks that maximize the sum of utilities). The discrepancy between stable networks and efficient networks turns out to be substantial.

Contact

Evangelia Pyrga
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Evangelia Pyrga, 12/15/2009 10:17 -- Created document.