Network cohesion


Type
Article
Change log
Authors
Cavalcanti, TVV 
Giannitsarou, Chryssi  ORCID logo  https://orcid.org/0000-0002-1488-2433
Johnson, CR 
Abstract

We define a measure of network cohesion and show how it arises naturally in a broad class of dynamic models of endogenous perpetual growth with network externalities. Via a standard growth model, we show why network cohesion is crucial for conditional convergence and explain that as cohesion increases, convergence is faster. We prove properties of network cohesion and define a network aggregator that preserves network cohesion.

Description
Keywords
Network theory, Endogenous growth models, Convergence Consensus
Journal Title
Economic Theory
Conference Name
Journal ISSN
0938-2259
1432-0479
Volume Title
64
Publisher
Springer Verlag