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Building up social capital in a changing world : a network approach
Vega-Redondo, Fernando - 2003
This paper models the dynamic process through which a large society may succeed in building up its social capital by establishing a stable and dense pattern of interaction among its members. In the model, agents interact according to a collection of infinitely repeated Prisoner's Dilemmas played...
Persistent link: https://www.econbiz.de/10011591665
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Applications and interviews : a structural analysis of two-sided simultaneous search
Wolthoff, Ronald - 2011
Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that … search model with an endogenous number of contacts. Workers contact firms by applying to vacancies, whereas firms contact … equilibrium welfare is improved if unemployed workers increase their search intensity. -- Directed Search ; Recruitment ; Stable …
Persistent link: https://www.econbiz.de/10009379737
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The evolution of core stability in decentralized matching markets
Nax, Heinrich H.; Pradelski, Bary S. R.; Young, H. Peyton - 2013
Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no …
Persistent link: https://www.econbiz.de/10009756276
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Selling Cookies
Bergemann, Dirk - 2013
We analyze data pricing and targeted advertising. Advertisers seek to tailor their spending to the value of each consumer. A monopolistic data provider sells cookies -- informative signals about individual consumers' preferences. We characterize the set of consumers targeted by the advertisers...
Persistent link: https://www.econbiz.de/10013073446
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Selling Cookies
Bergemann, Dirk - 2014
We propose a model of data provision and data pricing. A single data provider controls a large database that contains information about the match value between individual consumers and individual firms (advertisers). Advertisers seek to tailor their spending to the individual match value. The...
Persistent link: https://www.econbiz.de/10013047747
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Selling Cookies
Bergemann, Dirk - 2014
We develop a model of data pricing and targeted advertising. A monopolistic data provider determines the price to access "cookies," i.e., informative signals about individual consumers' preferences. The demand for information is generated by advertisers who seek to tailor their spending to the...
Persistent link: https://www.econbiz.de/10013062477
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Marketing via friends : strategic diffusion of information in social networks with homophily
Čugaj, Roman N. - 2010
The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of...
Persistent link: https://www.econbiz.de/10008737098
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Crime and education in a model of information transmission
Cortés, Darwin; Friebel, Guido; Maldonado, Darío - 2010
We model the decisions of young individuals to stay in school or drop-out and engage in criminal activities. We build on the literature on human capital and crime engagement and use the framework of Banerjee (1993) that assumes that the information needed to engage in crime arrives in the form...
Persistent link: https://www.econbiz.de/10008746932
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Diffusion of multiple information : on information resilience and the power of segregation
Tabasso, Nicole - 2015
We introduce two pieces of information, denoted memes, into a diffusion process in which memes are transmitted when individuals meet and forgotten at an exogenous rate. At most one meme can be transmitted at a meeting, which introduces opportunity costs in the process. Individuals differ...
Persistent link: https://www.econbiz.de/10011279690
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Opinion dynamics and wisdom under conformity
Buechel, Berno; Hellmann, Tim; Kölßner, Stefan - 2014
We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors' expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an...
Persistent link: https://www.econbiz.de/10010357984