Showing 1 - 10 of 49
village leaders and geographically central individuals. …
Persistent link: https://www.econbiz.de/10011083579
on migration decisions, we rely on the concepts of migration networks and herd effects. …
Persistent link: https://www.econbiz.de/10005666772
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 …
Persistent link: https://www.econbiz.de/10005114333
There is a proliferation of economics blogs, with increasing numbers of economists attracting large numbers of readers, yet little is known about the impact of this new medium. Using a variety of experimental and non-experimental techniques, we try to quantify some of their effects. First, links...
Persistent link: https://www.econbiz.de/10009293990
This paper studies multi-agent optimal contracting with cost synergies. We model synergies as the extent to which effort by one agent reduces his colleague's marginal cost of effort. An agent's pay and effort depend on the synergies he exerts, the synergies his colleagues exert on him and,...
Persistent link: https://www.econbiz.de/10011083625
when mergers are not feasible. Because both approaches require the physical connection of neighboring networks, they may …
Persistent link: https://www.econbiz.de/10009493560
We study the earnings structure and the equilibrium assignment of workers when they exert intra-firm spillovers on each other. We allow for arbitrary spillovers provided output depends on some aggregate index of workers' skill. Despite the possibility of increasing returns to skills, equilibrium...
Persistent link: https://www.econbiz.de/10005123995
provided, focusing on the transition from networks to hierarchies. Four general lessons are drawn: (1) developments in services …
Persistent link: https://www.econbiz.de/10005124451
We describe a pair of subadditivity tests that can be used to evaluate the technological feasibility of separating a vertically integrated network monopoly into a common infrastructure component and competing operating components. We implement the tests with a Generalized McFadden cost function...
Persistent link: https://www.econbiz.de/10005067525
through business networks receive more credit. These network effects are enduring, suggesting that networks are used to …
Persistent link: https://www.econbiz.de/10005504446