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Network cohesion
Cavalcanti, Tiago V. V. Giannitsarou, Chryssi Johnson, Charles R.
Cavalcanti, Tiago V. V.
Giannitsarou, Chryssi
Johnson, Charles R.
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.
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2017-07-01
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network_cohesion.pdf
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Mathematics
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10.1007/s00199-016-0992-1