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Mialon, Sue Hwang - Econometric Society - 2004

This paper models individual choices of social groups and the formation of group identity, and examines the conditions with which the group identity reinforces the productivity of individuals. A social group is defined as a network that provides with a market for interactions to its members....

Persistent link: https://www.econbiz.de/10005329005

Simple Priorities and Core Stability in Hedonic Games

Dimitrov, Dinko; Borm, Peter - Econometric Society - 2004

In this paper we study hedonic games where each player views every other player either as a friend or as an enemy. Two simple priority criteria for comparison of coalitions are suggested, and the corresponding preference restrictions based on appreciation of friends and aversion to enemies are...

Persistent link: https://www.econbiz.de/10005702645

The Formation of Networks with Side Payments

Bloch, Francis; Jackson, Matt - Econometric Society - 2004

We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We … transfers on the links they are directly involved with, then there are many settings where inefficient networks are the only … equilibrium outcomes, and we fully characterize the supportable networks. If externalities are nonpositive and a convexity …

Persistent link: https://www.econbiz.de/10005702654

Dynamic Formation of Network with Adoption Externalities

Park, In-Uck - Econometric Society - 2004

We analyze an entry game with multiple periods, in each period of which privately informed agents who have not joined yet decide whether to subscribe to a network, and subscribers derive benefits in future periods depending on the network size. We study the case that the agents are sufficiently...

Persistent link: https://www.econbiz.de/10005342354

Information Flow, Social Interactions and the Fluctuations of Prices in Financial Markets

Matos, João Amaro de - Econometric Society - 2004

We model how excess demand or excess supply can be generated in the presence of a social network of interactions, where agents are subject to external information and individual incentives. In this context we study price fluctuations in financial markets under equilibrium. In particular, we...

Persistent link: https://www.econbiz.de/10005170256

Networks of Relations

Spagnolo, Giancarlo; Lippert, Steffen - Econometric Society - 2004

In this paper, we model networks of relational contracts. We explore sanctioning power within these networks under … other network members. We identify conditions for stability of such networks, conditions for transmission of information …

Persistent link: https://www.econbiz.de/10005329020

Can Business and Social Networks Explain the Border Effect Puzzle?

Mayer, Thierry; Combes, Pierre-Philippe; Lafourcade, Miren - Econometric Society - 2004

business and social networks can play in shaping trade patterns and explaining the border effect puzzle. Using a structural … place (social networks) and by inter-plants connections (business networks). In addition, controlling for these network … effects reduces the impact of transport cost on trade flows by a comparable factor. Thus, business and social networks that …

Persistent link: https://www.econbiz.de/10005129811

Unraveling of Dynamic Sorting

Damiano, Ettore; Li, Hao - Econometric Society - 2004

We consider a two-sided, finite-horizon search and matching model with heterogeneous types and complementarity between types. The quality of the pool of potential partners deteriorates as agents who have found mutually agreeable matches exit the market. When search is costless and all agents...

Persistent link: https://www.econbiz.de/10005328853

Double-Holdups in a Matching Model with Search Frictions and Endogenous Heterogeneity

Navarro, Lucas - Econometric Society - 2004

This paper investigates the interaction between education decisions by workers and investment decisions by firms in a random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in the presence of search frictions and investment costs...

Persistent link: https://www.econbiz.de/10005328902

Efficient Delegation by an Informed Principal

Gresik, Thomas A.; Bond, Eric W. - Econometric Society - 2004

Consider the case of a firm with private valuation information bargaining with a supplier over the price and quantity of a good. If the firm and the supplier bargain directly, the bargaining outcome may not yield a first-best outcome due to the presence of information rents. The question we...

Persistent link: https://www.econbiz.de/10005328937