Showing 1 - 10 of 61
I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...
Persistent link: https://www.econbiz.de/10005144411
into account the potential externalities networks produce. Once social ties are in place, these externalities shape the … norms are easily sustained in symmetric networks. By contrast, when an efficient interaction requires players to play …
Persistent link: https://www.econbiz.de/10005144533
What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration? These two questions are examined empirically in Egypt, Turkey and Morocco for households with family members living abroad. Results show, first, that one cannot clearly...
Persistent link: https://www.econbiz.de/10005136991
become networks of strategic collaboration and others don’t, we study link formation within European biopharmaceutical …
Persistent link: https://www.econbiz.de/10005137298
Organization differ in the degree to which they differentiate employees by ability. We analyse how the effect of differentiation on employee morale may explain this variation. By comparing employees using ordinary talk, a manager boosts the self-image of some, but hurts that of others. Whether...
Persistent link: https://www.econbiz.de/10005144567
We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two....
Persistent link: https://www.econbiz.de/10009003387
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We propose a generalization of refinements based on credible deviations, such as neologism proofness and announcement proofness. According to our Average Credible Deviation Criterion...
Persistent link: https://www.econbiz.de/10008838631
frictions and the wage mechanism are in general not independent. The wage mechanism determines both the distribution of networks …
Persistent link: https://www.econbiz.de/10009201125
Many networks such as the Internet have been found to possess scale-free and small-world network properties reflected … by so-called power law distributions. Scale-free properties evolve in large complex networks through self … therefore efficient. At the same time, this efficiency feature puts scale-free networks at risk for becoming disconnected or …
Persistent link: https://www.econbiz.de/10005137060
Many economic organizations have some relational structure, meaning that economic agents do not only differ with … which they usually take different positions. Two examples of such structures are communication networks and hierarchies. In … feasible sets in communication networks and compare them with feasible sets arising from hierarchies. …
Persistent link: https://www.econbiz.de/10005137204