When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those … that can arise and the number of matches on a given network. Equilibria that exhibit wage dispersion are inefficient in …

We argue that anti-corruption laws may provide an efficiency rationale for why political parties should meddle in the … nominations. Such rent-seeking results in excessive network formation. Political parties may reduce wasteful network formation …

borne but rather develop: in treatments with a high-value agent, the network's centrality, stability, and efficiency all …This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The … experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by …

well as for the identity of the key player. We study the possibility of testing endogeneity in network formation. We … analysis suggests that greater care should be taken in grounding econometric network models to sound and credible theoretical …

network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …

stock through firm-sponsored training might lead to more innovation. We test this hypothesis using detailed data on firms …' human capital investments and innovation performance, the Canadian longitudinal linked employer-employee data from 1999 … training leads to more product and process innovation, with on-the-job training playing a role that is as important as …

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. …

Workers are embedded within a network of social relationships and can communicate through word-of-mouth. They can find …. We show that, when the network size increases, on average, the unemployed workers hear about more vacancies through their … social network but, at the same time, it is more likely that multiple vacancies reach the same unemployed worker. Above a …

that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …

equilibrium where workers mix between sending both applications to the high and both to the low productivity sector. Efficiency …