Showing 1 - 10 of 38
question of interest. Agents repeatedly communicate with their neighbors in the social network, can exert some effort to … down) convergence if it decreases (increases) homophily. Finally, we investigate the tension between information …
Persistent link: https://www.econbiz.de/10010703391
We study a stochastic model of influence where agents have yes-no inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes modelled by...
Persistent link: https://www.econbiz.de/10010584134
We provide a quantitative assessment of welfare costs of fluctuations in a search model with financial frictions. The matching process in the labor market leads positive shocks to reduce unemployment less than negative shocks increase it. We show that the magnitude of this non-linearity is...
Persistent link: https://www.econbiz.de/10010791273
We develop a modification of the connections model by Jackson and Wolinsky (1996) that takes into account negative externalities arising from the connectivity of direct and indirect neighbors, thus combining aspects of the connections model and the co-author model. We consider a general...
Persistent link: https://www.econbiz.de/10010643648
communication network. We provide an explicit link between players' preferences and the equilibrium strategic communication networks … completely Pareto-ranked, but expected social welfare always increases as the communication network expands. …
Persistent link: https://www.econbiz.de/10005012502
the role of social influence on the expectation formation as well as the underlying network structure. It is shown that …. The social network estimated in this way follows a power-law and thus exhibits similar structure as networks observed in …
Persistent link: https://www.econbiz.de/10010739860
Most allocation rules for network games presented in the literature assume that the network structure is fixed. We put … periods is stochastic. Time-series of networks are studied that describe processes of network formation where links may appear … or disappear at any period. Moreover, convergence to an efficient network is not necessarily prescribed. Transitions from …
Persistent link: https://www.econbiz.de/10010703396
A well-known model in sociology and marketing is that of opinion leadership. Opinion leaders are actors who are able to affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise this power by influencing their followers choice of...
Persistent link: https://www.econbiz.de/10009003412
have initial opinions and are linked through a simply connected network. They update their opinions as in the DeGroot model … the average opinion that eventually emerges in the network. This procedure defines a zero-sum game whose players are the … does depend on the structure of the network. The characterization of equilibrium we obtain emphasizes on the one hand the …
Persistent link: https://www.econbiz.de/10011194457
This paper proposes a new formulation of the theory of social norms. The theoretical model explores the interrelation between individuals' income, time-use and consumption decisions on the one hand, and the determinants of their decision to conform or not to social norms on the other. It is...
Persistent link: https://www.econbiz.de/10010643644