Showing 1 - 10 of 106
network. The network formation process can lead identical individuals to be in different positions and thus have different …
Persistent link: https://www.econbiz.de/10005795986
Based on empirical facts, we build a model of informal insurance institutions and study their stability. In our setting, risk sharing groups are overlapping homogenous coalitions, originating from networks of historical trust relationships. We derive a general folk theorem that works in an...
Persistent link: https://www.econbiz.de/10011084766
In a social network, agents have their own reference group that may influence their behavior. In turn, the agents …' attributes and their behavior affect the formation and the structure of the social network. We survey the econometric literature …
Persistent link: https://www.econbiz.de/10005015238
. We present a new model of network formation that allows the linking process to depend on individuals types and study the … impact of such a bias on the network structure. Our main results fall into three categories: (i) we compare the distributions …
Persistent link: https://www.econbiz.de/10005015252
-in-means model where each individual has his own specific reference group. Interactions are thus structured through a social network … exogenous effects are generally identified under network interaction, although identification may fail for some particular … structures. Monte Carlo simulations provide an analysis of the effects of some crucial characteristics of a network (i …
Persistent link: https://www.econbiz.de/10005015298
network is defined as an equilibrium outcome of a game in cover function form. Our results bridge the two strands of …
Persistent link: https://www.econbiz.de/10010755720
well as for the identity of the key player. We study the possibility of testing endogeneity in network formation. We … analysis suggests that greater care should be taken in grounding econometric network models to sound and credible theoretical …
Persistent link: https://www.econbiz.de/10011170400
equilibrium behaviors are linked through the Laplacian matrix of the equilibrium network. I show that conformism has positive … social value and that social welfare can be bounded by network centrality and connectivity measures. I apply the model using … (i.e. endogenous peer effect for a fixed network structure) range from 7.5% to 45%, depending on the number of peers that …
Persistent link: https://www.econbiz.de/10010960507
This paper attempts to measure the causal impact of the speed of judiciaries on economic activity by using two novel instrumental variables measuring judicial procedural ambiguity and complexity. First, I find that temporally exogenous conflicting judicial decisions taken in India due to the...
Persistent link: https://www.econbiz.de/10005015285
This paper examines the consequences of slow judiciaries on firms' contracting behaviour in India. After deriving testable implications from a game theoretical model, I examine how case pendency rates in India's state courts affect the contracting behaviour of 170,000 small non-agricultural...
Persistent link: https://www.econbiz.de/10005015318