The paper explores the role social network capital might play in facilitating poor agents’ escape from poverty traps … production technologies featuring different fixed costs and returns. We show that social network capital can serve as either a …. We model endogenous network formation among households heterogeneously endowed with both traditional and social network …

This paper explores the role social network capital might play in facilitating poor agents’ escape from poverty traps … multiple production technologies featuring different fixed costs and returns. We show that social network capital can either … network capital who make investment and technology choices over time in the absence of financial markets and faced with …