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Ethnic Identity and Social Distance in Friendship Formation
De Martí, Joan; Zenou, Yves - C.E.P.R. Discussion Papers - 2009
We analyze a model of network formation with agents that belong to different communities and an endogenous cost structure. Both individual benefits and costs depend on direct as well as indirect connections. Benefits of an indirect connection decrease with distance in the network, while the cost...
Persistent link: https://www.econbiz.de/10008491722
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Systemic Risk and Network Formation in the Interbank Market
Cohen-Cole, Ethan; Patacchini, Eleonora; Zenou, Yves - C.E.P.R. Discussion Papers - 2011
We propose a novel mechanism to facilitate understanding of systemic risk in financial markets. The literature on systemic risk has focused on two mechanisms, common shocks and domino-like sequential default. Our approach is a formal model that provides an intellectual combination of the two by...
Persistent link: https://www.econbiz.de/10009003370
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Mapping prices into productivity in multisector growth models
Ngai, Liwa Rachel; Samaniego, Roberto - C.E.P.R. Discussion Papers - 2009
Two issues related to mapping a multi-sector model into a reduced-form value-added model are often neglected: the composition of intermediate goods, and the distinction between the productivity indices for value added and for gross output. We illustrate their significance for growth accounting...
Persistent link: https://www.econbiz.de/10005025514
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Globalization and the Evolution of the Supply Chain: Who Gains and Who Loses?
Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2003
This Paper focuses on two distinct facets of globalization: the decrease in the trade costs of goods and the decline of communication costs between headquarters and production facilities within firms. When the unskilled have about the same wage in the two regions, the decrease of these costs...
Persistent link: https://www.econbiz.de/10005498045
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Trade linkages and the globalisation of inflation in Asia and the Pacific
Auer, Raphael; Mehrotra, Aaron - C.E.P.R. Discussion Papers - 2014
Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...
Persistent link: https://www.econbiz.de/10011083958
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Religion and Innovation
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …
Persistent link: https://www.econbiz.de/10011213308
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Taxation and the International Mobility of Inventors
Akcigit, Ufuk; Baslandze, Salomé; Stantcheva, Stefanie - C.E.P.R. Discussion Papers - 2015
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011272707
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Forbidden Fruits: The Political Economy of Science, Religion, and Growth
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883
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The Berlin Stock Exchange in Imperial Germany – a Market for New Technology?
Lehmann, Sibylle; Streb, Jochen - C.E.P.R. Discussion Papers - 2015
Analysing 474 cases of firms going public in the German capital between 1892 and 1913, we show that innovative firms could rely on the Berlin stock market as a source of financing. The data also reveal that initial public offerings (IPO) of innovative firms were characterized by particularly low...
Persistent link: https://www.econbiz.de/10011266534
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Firm collaboration and modes of innovation in Norway
Fitjar, Rune Dahl; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011
This paper examines the sources of firm product and process innovation in Norway. It uses a purpose-built survey of ….’s (2007) contention that firm innovation is both the result of ‘science, technology and innovation’ (STI) and ‘doing, using … innovation and that both STI and DUI-modes of interaction matter. However, it also shows that DUI modes of interaction outside …
Persistent link: https://www.econbiz.de/10009225958