Showing 1 - 9 of 9
In this paper we examine the connection of microscopic network properties of trading and macroscopic properties of prices. Using intraday trading data from the London Stock Exchange, we are able to track which institutions traded with which and reconstruct the network of exchanged stocks. We...
Persistent link: https://www.econbiz.de/10005345336
This paper presents a model of adoption and diffusion of innovations that concern the technology of e-commerce. First, a model of optimal adoption of e-commerce innovation is presented. In this model web companies are assumed to behave in an imitative way: facing an innovation of uncertain...
Persistent link: https://www.econbiz.de/10005345617
networks with fixed topology, the network dynamics allows for a higher profit when choosing cooperation rather than defection …
Persistent link: https://www.econbiz.de/10005706184
We develop an explanation of the emergence of local norms, and the associated phenom- enon of geographical variation in behavior. Individuals are assumed to interact locally with neighbors in an environment with a network externality. Although many patterns of behavior are possible, the...
Persistent link: https://www.econbiz.de/10005706290
In this paper we study the effects of social networks on wage inequality and aggregate production. In particular, we …
Persistent link: https://www.econbiz.de/10005706527
Persistent link: https://www.econbiz.de/10005706614
certain types of networks favor pragmatic decision makers while other topologies give an edge to ideological agents. These …
Persistent link: https://www.econbiz.de/10005537411
car. However, people also interact through networks of friends, relatives, and colleagues, and through virtual communities …, we assume that networks are exogenously fixed through time. The main question is whether the mild preferences entailed by … Schelling’s formulation, combined with best-response dynamics, can explain segregation also in such more general networks. We …
Persistent link: https://www.econbiz.de/10005537463
divergent aggregate decisions across networks and across payoffs. But, there is commonality as well. It seems clear that some … networks, or some organizational structures, are more conducive to fostering cooperation …
Persistent link: https://www.econbiz.de/10005537492