TITLE:
Nodewise Decay in Two-Way Flow Nash Network: A Study of Network Congestion
AUTHORS:
Banchongsan Charoensook
KEYWORDS:
Nash Networks, Network Congestion, Noncooperative Games
JOURNAL NAME:
Theoretical Economics Letters,
Vol.13 No.3,
June
25,
2023
ABSTRACT: This paper studies a noncooperative model of network
formation. Built upon the two-way flow model of, it assumes that information
decay as it flows through each agent, and the decay is increasing and concave
in the number of his links. This assumption results in the fact that a large
set of Nash networks are disconnected and consist of components of different
sizes, a feature that resembles that of real-world networks. Discussions on
this insight are provided.