Narrow search
Showing 1 - 10 of 2,560
Cover Image
Simultaneous Search and Network Efficiency
Gautier, Pieter A.; Holzner, Christian - 2011
When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...
Persistent link: https://www.econbiz.de/10010277402
Cover Image
Network Formation and Heterogeneous Risks
Cabrales, Antonio; Gottardi, Piero - 2024
We study a new model to study the effect of contract externalities that arise through shock transmission. We model a financial network where good firms enjoy direct and indirect benefits from linking with one another. Bad risks benefit from having a connection with a good firm, but they are a...
Persistent link: https://www.econbiz.de/10014574278
Cover Image
The price of liquidity: bank characteristics and market conditions
Fecht, Falko; Nyborg, Kjell G.; Rocholl, Jörg - 2009
We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique … to gauge the extent to which a bank is short or long liquidity. We find that the price a bank pays for liquidity depends … on the liquidity positions of other banks, as well as its own. There is evidence that liquidity squeezes occasionally …
Persistent link: https://www.econbiz.de/10010264580
Cover Image
Political parties and network formation
Miettinen, Topi; Poutvaara, Panu - 2006
We argue that anticorruption laws may provide an efficiency rationale for why political parties should meddle in the distribution of political nominations and government contracts. Anticorruption laws forbid trade in spoils that politicians distribute. However, citizens may pay for gaining...
Persistent link: https://www.econbiz.de/10010261414
Cover Image
Social Distancing during a Pandemic: The Role of Friends
Bailey, Michael; Johnston, Drew; Koenen, Martin; … - 2020
We explore how social network exposure to COVID-19 cases shapes individuals’ social distancing behavior during the early months of the ongoing pandemic. We work with de-identified data from Facebook to show that U.S. users whose friends live in areas with worse coronavirus outbreaks reduce...
Persistent link: https://www.econbiz.de/10012425677
Cover Image
Dissonance Minimization and Conversation in Social Networks
Anufriev, Mikhail; Borissov, Kirill; Pakhnin, Mikhail - 2021
We study a model of social learning in networks where the dynamics of beliefs are driven by conversations of dissonance-minimizing agents. Given their current beliefs, agents make statements, tune them to the statements of their associates, and then revise their beliefs. We characterize the...
Persistent link: https://www.econbiz.de/10012799733
Cover Image
Cities and the Structure of Social Interactions: Evidence from Mobile Phone Data
Büchel, Konstantin; von Ehrlich, Maximilian - 2017
Social interactions are considered pivotal to agglomeration economies. We explore a unique dataset on mobile phone calls to examine how distance and population density shape the structure of social interactions. Exploiting an exogenous change in travel times, we show that distance is highly...
Persistent link: https://www.econbiz.de/10011698735
Cover Image
Dispersed Information and the Origins of Aggregate Fluctuations
Grazzini, Jakob; Massaro, Domenico - 2016
In the presence of dispersed information, agents may decide to take into account the actions of other agents because of the possible additional information conveyed by these actions. We call the act of using other agents’ actions in the individual decision process social learning. This paper...
Persistent link: https://www.econbiz.de/10011522457
Cover Image
Dissonance Minimization and Conversation in Social Networks
Anufriev, Mikhail; Borissov, Kirill; Pakhnin, Mikhail - 2021
We study a model of social learning in networks where the dynamics of beliefs are driven by conversations of dissonance-minimizing agents. Given their current beliefs, agents make statements, tune them to the statements of their associates, and then revise their beliefs. We characterize the...
Persistent link: https://www.econbiz.de/10013312848
Cover Image
Social Distancing During a Pandemic : The Role of Friends
Bailey, Michael; Johnston, Drew; Koenen, Martin; … - 2021
We explore how social network exposure to COVID-19 cases shapes individuals’ social distancing behavior during the early months of the ongoing pandemic. We work with de-identified data from Facebook to show that U.S. users whose friends live in areas with worse coronavirus outbreaks reduce...
Persistent link: https://www.econbiz.de/10013314770