In a study of “stationary” examples of these systems, Mihai Manea characterized equilibrium payoffs associated with bargaining. Ballester, Calvo-Armengol, and Zenou characterized the “key player” in an economic game involving one of these systems that popularized a quantity named for Bonacich. Ben Golub co-developed a model of communication in these systems that employs the DeGroot linear updating model. “Pairwise stability” is an equilibrium concept in models of strategic formation of these structures. The stochastic block model is used to study these structures with components characterized by measures of “centrality.” These structures name a type of negative externality also called congestion, and name economic “effects” in which a product gains value as more users adopt it. For 10 points, name these structures with nodes and edges. ■END■
ANSWER: networks [or network graphs; or economic networks; or social networks; or social graphs; accept network externalities or network effects; prompt on nodes or vertexes or vertices or edges by asking “what larger structures are those components of?”] (Editors’ note: Pairwise stability was popularized by Stanford economics professor Matt Jackson.)
<Social Science>
= Average correct buzz position