A Structural Model for the Coevolution of Networks and Behavior Journal Article uri icon

Overview

abstract

  • Abstract; This paper introduces a structural model for the coevolution of networks and behavior. We characterize the equilibrium of the underlying game and adopt the Bayesian Double Metropolis-Hastings algorithm to estimate the model. We further extend the model to incorporate unobserved heterogeneity and show that ignoring this heterogeneity can lead to biased estimates in simulation experiments. We apply the model to study R&D investment and collaboration decisions in the chemical and pharmaceutical industry and find a positive knowledge spillover effect. Our model also provides a tractable framework for a long-run key player analysis.

publication date

  • March 1, 2022

has restriction

  • green

Date in CU Experts

  • November 27, 2021 8:39 AM

Full Author List

  • Hsieh C-S; K├Ânig MD; Liu X

author count

  • 3

Other Profiles

International Standard Serial Number (ISSN)

  • 0034-6535

Electronic International Standard Serial Number (EISSN)

  • 1530-9142

Additional Document Info

start page

  • 355

end page

  • 367

volume

  • 104

issue

  • 2