Showing 1 - 10 of 36
This paper o¤ers a bridge between the theoretical literature on endogenous network formation and the empirical work on … the impact of social networks on economic performance. We provide a theoretical framework of endogenous network formation … that yields testable predictions for the network architectures generated by a particular informal institution common in …
Persistent link: https://www.econbiz.de/10005647353
While much of the literature on cross section dependence has focused mainly on estimation of the regression coefficients in the underlying model, estimation and inferences on the magnitude and strength of spill-overs and interactions has been largely ignored. At the same time, such inferences...
Persistent link: https://www.econbiz.de/10008545810
We study the role played by geographical distance in the peering decisions between Internet Service Providers. Firstly, we assess whether or not the Internet industry shows clustering in peering; we then concentrate on the dynamics of the agglomeration process by studying the effects of...
Persistent link: https://www.econbiz.de/10005489326
In most network asset procurement exercises, network configurations are predefined by the auctioneers. Bidders can … neither propose different network configurations nor can they submit bids on a group of network links. We believe the market … different network configurations and where bidding for packages is a possibility. We demonstrate why the auction design in this …
Persistent link: https://www.econbiz.de/10010790559
Housing markets are subject to many interrelated sources of instability on both a microeconomic and macroeconomic scale. Housing decisions of different individuals will be interdependent, generating non-linearities, discontinuities and feedback effects. This paper focuses in on some behavioural...
Persistent link: https://www.econbiz.de/10009024890
This paper aims to predict some possible futures for the World Wide Web based on several key network parameters: size … connection speeds are low neither the star nor complete networks are stable, and when connection speeds are high the star network … is usually stable, while the complete network is never stable. For intermediate speed levels much depends upon the other …
Persistent link: https://www.econbiz.de/10005783855
Economic agents' behavior is affected by their position in a network, either exogenous or endogenous, in which they … interact with a subset of neighbours only. The network's links, which may be generated by vertical and/or horizontal relations … strategies and network structures arises instead when links are endogenous: those features are clearly shown in the mechanism …
Persistent link: https://www.econbiz.de/10005113761
Coups d'etat continue to be common around the world, often leading to changes in leaders and institutions. We examine the relationship between military spending and coups and find that (i) successful coups increase military spending by more than failed attempts, and (ii) coups are more likely...
Persistent link: https://www.econbiz.de/10009651255
This paper uses evidence from German-speaking central Europe to address open questions about the Consumer and Industrious Revolutions. Did they happen outside the early-developing, North Atlantic economies? Were they shaped by the “social capital” of traditional institutions? How were they...
Persistent link: https://www.econbiz.de/10008531411
Economists draw important lessons for modern development from the medieval Maghribi traders who, it has been argued, enforced contracts collectively through a closed, private-order coalition. We show that this view is untenable. Not a single empirical example adduced as evidence of the putative...
Persistent link: https://www.econbiz.de/10005056492