, 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. …

that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …

financial network where good firms enjoy direct and indirect benefits from linking with one another. Bad risks benefit from …

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 …

networks in the spatial diffusion of local economic shocks. We develop a network model that shows how a district's level of … prosperity is related to its position in the network. The network model's first-order conditions are used to derive an … underlying network structure can inform us about the potential gains from policies that increase economic activity in specific …

We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub … firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which … allows lenders to offer different interest rates to network and stand-alone entrepreneurs. We show that a network outcome can …

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

analytical insights for the model where agents minimize dissonance by revising both beliefs and network, and show that an … endogenous change of network may prevent a society from reaching a consensus. …