Many data situations require the consideration of network effects among the cross-sectional units of observation. In … this paper, we present a generalized panel model which accounts for two features: (i) three types of network effects on the … error components, and (ii) higher-order network effects due to ex-ante unknown network-decay functions or the presence of …

believe that economics is an emerging small world. What is it about the network structure that makes the world small? An … 1970's the world of economics was a collection of islands, with the largest island having about 15% of the population. Two … decades later, in the 1990's, the world of economics was much more integrated, with the largest island covering close to half …

In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We … review is on studies that use network analysis paying special attention to those that apply complex analysis techniques …

The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …

benefit for the viewers. -- price coordination ; two-sided markets ; media economics …

influencing the selection in terms skills and in term of gender. We found that network effects vary by education level but not by …. -- migration ; human capital ; network/diaspora externalities ; gender …

illustration based on US immigration data by metropolitan area and country of origin. First, we show that the overall network … externality is strong: the elasticity of migration flows to network size is around one. Second, only a quarter of this elasticity … low-skilled migrants. -- migration ; network/diaspora externalities ; immigration policy …