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Essays on Networks in Economics: Pairwise Influences and Communication Processes

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Academic year: 2017

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It turns out that the unique ef�cient allocation in this economy isFigure 3corresponds to (u�1.8 At the unique Pareto ef�cient allocation agent
Figure 64ment point since it only depends on the matrixWe locate the vector ��1, that does not change with the change of disagree-, in the point .
whereFigure 7 � is a positive constant. Suppose only agents 1 and 2 are engaged in17
table provides the shares in both cases for the members of each class.
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