Abstract
This paper extends the connections model of network formation by allowing for players who are heterogeneous with respect to values as well as the costs of forming links. Our principal result is that centrality and short average distances between individuals are robust features of equilibrium networks.
| Original language | Undefined/Unknown |
|---|---|
| Pages (from-to) | 353-372 |
| Number of pages | 20 |
| Journal | Games and Economic Behavior |
| Volume | 54 |
| Issue number | 2 |
| Publication status | Published - 2006 |