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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - 2014
In this note we shall discuss a concept that - despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language - has never gained a foothold in economic theory: the concept of empathy. Specifically, we...
Persistent link: https://www.econbiz.de/10010233986
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Reciprocal preferences in matching markets
Opitz, Timm; Schwaiger, Christoph - 2023 - This version: February 2023
Agents with reciprocal preferences prefer to be matched to a partner who also likes to collaborate with them. In this paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for mechanism design. Formally, the preferences of an agent...
Persistent link: https://www.econbiz.de/10014478421
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Competing for contacts : network competition, trade intermediation and fragmented duopoly
Petropoulou, Dimitra (contributor) - 2008
Persistent link: https://www.econbiz.de/10003649852
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Networks in the premodern economy : the market for London apprenticeships, 1600 - 1749
Leunig, Timothy; Minns, Chris; Wallis, Patrick - 2009
This paper examines the importance of social and geographical networks in structuring entry into skilled occupations in premodern London. Using newly digitised records of those beginning an apprenticeship in London between 1600 and 1749, we find little evidence that networks strongly shaped...
Persistent link: https://www.econbiz.de/10003894460
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Seesaw in the air : interconnection regulation and the structure of mobile triffs
Genakos, Christos; Valletti, Tommaso M. - 2011
the network of the receiving party, thus the termination end has the characteristic of an economic bottleneck and is …
Persistent link: https://www.econbiz.de/10008859597
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Filling in the blanks : network structure and interbank contagion
Anand, Kartik; Craig, Ben R.; Von Peter, Goetz - 2014
The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10010249740
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A network view on interbank market freezes
Gabrieli, Silvia; Georg, Co-Pierre - 2014 - This version: December 2014
that can best be characterized as a shrinking of the interbank network. Such a change in the network structure is … consequential: banks with higher centrality within the network have better access to liquidity and are able to charge larger …
Persistent link: https://www.econbiz.de/10010471923
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Contagious herding and endogenous network formation in financial networks
Georg, Co-Pierre - 2014
from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …
Persistent link: https://www.econbiz.de/10010405430
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Information costs, networks and intermediation in international trade
Petropoulou, Dimitra (contributor) - 2008
Persistent link: https://www.econbiz.de/10003630607
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Trading under market impact : crossing networks interacting with dealer markets
Bielagk, Jana; Horst, Ulrich; Moreno-Bromberg, Santiago - 2017
network. Traders are privately informed about their types (e.g. their portfolios), which is something the dealer must take … business to a crossing network. We show that the presence of such a network results in more trader types being serviced by the … determine the structure of the crossing network and show that the same conditions that lead to a reduction of the spread imply …
Persistent link: https://www.econbiz.de/10011705180