Participation in social groups ties members to local communities. Employers can capture these benefits as rents when geographically-specific club goods raise the cost of labor mobility. We measure ties to local clubs using the shares of households identifying with a minority religion, enrollment...

We design the profit-maximizing mechanism to sell an excludable and nonrival good with network effects. Buyers have heterogeneous private values that depend on how many others also consume the good. In optimum, an endogenous number of the highest types shares consumption, and we provide an...

Does social capital always promote solidarity and democracy, or are social networks such as sports clubs also vulnerable to populism? We exploit quasi-experimental variation in sports club membership in German cities. Sports clubs are booming in cities with successful soccer teams which pass the...

Aim: In this paper, it is argued that in complex financial systems private goods, important for the creation of a market, have to be considered in a multiple of differing property rights structures necessary for the functioning of the system. This may lead to high transaction costs and adverse...

This chapter provides an overview of entrepreneurship clubs. It charts the development of these organizations, as a form of extracurricular activity. It introduces different forms of entrepreneurship club, such as Junior Achievement and Enactus, and explains how they grew from 1919 to the...

As food system contributes approximately 34% of global greenhouse gas (GHG) emissions, individuals’ decisions on what to eat and where to purchase food have a consequential effect on the environment. With their fast growth and unique shopping environment (e.g., lower prices, larger package...