Showing 1 - 10 of 539
Parochial politics is typically associated with poor leadership and low levels of public good provision. This paper explores the possibility that community involvement in politics need not necessarily worsen governance and, indeed, can be efficiency-enhancing when the context is appropriate....
Persistent link: https://www.econbiz.de/10012464313
Following the rationale for regional redistribution programs described in the official documents of the European Union, this paper studies a very simple multi-country model built around two regions: a core and a periphery. Technological spill-overs link firms' productivity in each of the two...
Persistent link: https://www.econbiz.de/10012469451
Recent models and empirical work on network formation emphasize the importance of propinquity in producing strong …
Persistent link: https://www.econbiz.de/10013477279
A network/search view of international trade in differentiated products is proposed. It is shown that this view can …
Persistent link: https://www.econbiz.de/10012473227
I propose a network/search view of international trade in differentiated products. I present evidence that supports the …
Persistent link: https://www.econbiz.de/10012473228
assumption that the process starts with every node in the network having a signal. We study a natural extension of the DeGroot … agent. This characterization result then allows us to relate network geometry to information aggregation. We identify an … example of a network structure where essentially only the signal of a single agent is aggregated, which helps us pinpoint a …
Persistent link: https://www.econbiz.de/10012479453
organising its national road systems. I then construct a novel dataset of local network inefficiency and I find that colonial …
Persistent link: https://www.econbiz.de/10012479901
for their legislative activity. We propose a novel equilibrium concept for the network formation game that allows for a …
Persistent link: https://www.econbiz.de/10012479937
Financial network structure is an important determinant of systemic risk. This paper examines how the U.S. interbank … network evolved over a long and important period that included two key events: the founding of the Federal Reserve and the …, initially reducing overall network concentration. The network became even more focused on Fed cities during the Depression, as …
Persistent link: https://www.econbiz.de/10012479982
for VC firms with less central network positions, and for deals made in "hot" investment markets …
Persistent link: https://www.econbiz.de/10012480218