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We propose an immigration policy based on the model of cooperatives. Incoming migrants have to acquire a participation certificate. In exchange, the immigrants may enter the country of choice without danger. The revenue goes to the country of the recipient nation rather than to human smugglers....
Persistent link: https://www.econbiz.de/10011611282
The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …
Persistent link: https://www.econbiz.de/10012534686
Persistent link: https://www.econbiz.de/10009763540
This paper experimentally examines behavior in a two-player game of attack and defense of a weakest-link network of …
Persistent link: https://www.econbiz.de/10008697819
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 wage mechanism are in general not independent. Equilibria that exhibit …
Persistent link: https://www.econbiz.de/10009239488
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …
Persistent link: https://www.econbiz.de/10011397182
Interbank claims are a concern to regulators as they might facilitate the dissemination of defaults and generate spill-over effects. Building on a simple model, this paper introduces a measure of the spill-over effects that a bank generates when it defaults. The measure is based on an explicit...
Persistent link: https://www.econbiz.de/10010509633
imposed at selected U.S. airports in the relatively near future. The theory developed in this paper, which extends the results … theory says that the congestion tolls levied on the various airlines at a particular airport should generally be different …
Persistent link: https://www.econbiz.de/10011410457
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 …
Persistent link: https://www.econbiz.de/10012306579
In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented …
Persistent link: https://www.econbiz.de/10011986141