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We show that supply networks are inefficiently, and insufficiently, resilient. Upstream firms can expand their production capacity to hedge against supply and demand shocks. But the social benefits of such investments are not internalized due to market power and market incompleteness. Upstream...
Persistent link: https://www.econbiz.de/10014512075
Network diffusion models are used to study things like disease transmission, information spread, and technology …
Persistent link: https://www.econbiz.de/10014512105
, and different network layers. At the individual level, homophilous tendencies are persistent across time and network … those characteristics. We also document the nuanced impact of network connections on changes in Grade Point Average …
Persistent link: https://www.econbiz.de/10013477307
thinking about such social exchanges of models. The key assumption is that people adopt the interpretation in their network … that best explains the data, given their prior beliefs. An implication is that interpretations evolve within a network. For … many network structures, social learning mutes reactions to data: the exchange of models leaves beliefs closer to priors …
Persistent link: https://www.econbiz.de/10013462690
these issues using a model of (Bayesian) learning over a social network. Agents learn rapidly from and may also have … environment changes sufficiently rapidly, any network consisting of just strong links will do only a little better than random …
Persistent link: https://www.econbiz.de/10014287315
In most societies, a small number of people commit the most serious violence. Short-term studies have shown that cognitive behavioral therapy (CBT) can reduce such antisocial behaviors. These behavior changes may be temporary, however, especially from therapy on its own. This is unsettled,...
Persistent link: https://www.econbiz.de/10013210077
We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative sector, building on Romer's(1990) model. Our framework predicts the R&D expenditure, the share of human capital in R&D, the number of patents, technical progress, and economic growth...
Persistent link: https://www.econbiz.de/10014512142
We study the demand for government participation in China's venture capital and private equity market. We conduct a large-scale, non-deceptive field experiment in collaboration with the leading industry service provider, through which we survey both sides of the market: the capital investors and...
Persistent link: https://www.econbiz.de/10013334380
Exploiting a natural experiment and an innovative survey design, we study the social and political legacies of armed conflict exposure (ACE) among Turkish conscripts. Our empirical framework identifies the causal impact and the mediating pathways for the average male randomly picked from the...
Persistent link: https://www.econbiz.de/10013462722
It has been argued that since 2014, under the BJP-led central government, welfare benefits in India have become better targeted and less prone to clientelistic control by state and local governments. Arguably this has helped to increase the vote share of the BJP vis-a-vis regional parties. We...
Persistent link: https://www.econbiz.de/10014486248