We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions … and in-network information transmission as well as conditions under which stable sub-networks inhibit more valuable larger … networks. The model provides formal definitions for individual and communities’ ‘social capital’ in the spirit of Coleman and …

when mergers are not feasible. Because both approaches require the physical connection of neighboring networks, they may …

provided, focusing on the transition from networks to hierarchies. Four general lessons are drawn: (1) developments in services …

through business networks receive more credit. These network effects are enduring, suggesting that networks are used to …

We use the fall of the Berlin Wall in 1989 to show that personal relationships which individuals maintain for non …

groups in the UK. Our empirical findings suggest that, though personal networks are a popular method of finding a job for the … differences across ethnic groups with some groups losing out disproportionately from using personal networks. …

unobserved human capital nor networks are likely to be responsible. We also show that the effect of these cultural proxies is …

Economists and sociologists disagree over markets’ potential to take over functions typically performed by networks of …