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This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The … experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by … network has a "star" structure. We find that with homogeneous agents, equilibrium predictions fail completely. In contrast …
Persistent link: https://www.econbiz.de/10003115141
results with those obtained in sociology. -- Random graph ; game theory ; centrality measures ; network formation ; weak and … network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10003925546
When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those … that can arise and the number of matches on a given network. Equilibria that exhibit wage dispersion are inefficient in …
Persistent link: https://www.econbiz.de/10009310818
the members of a network who are linked with each other by direct social connections. To model the comparisons, we compose … ratio: the network's aggregate level of relative deprivation divided by the aggregate level of the relative deprivation of a … hypothetical network in which one member of the network receives all the income, and it is with this member that the other members …
Persistent link: https://www.econbiz.de/10014443924
Firms and workers predominately match via job postings, networks of personal contacts or the public employment agency, all of which help to ameliorate labor market frictions. In this paper we investigate the extent to which these search channels have differential effects on labor market...
Persistent link: https://www.econbiz.de/10014423755
The U.S. trucking industry has been calling out a shortage of truck drivers for nearly forty years, since soon after its economic deregulation in 1980. Burks and Monaco (2019) provided evidence that the overall truck driver labor market works about as well as any blue collar labor market, and...
Persistent link: https://www.econbiz.de/10014390525
embedded in a family network. Eligible but isolated households do not respond. The mechanism through which the extended family … influences household schooling choices is the redistribution of resources within the family network from eligibles that receive … school. -- Extended family network ; PROGRESA ; resource sharing ; schooling …
Persistent link: https://www.econbiz.de/10003904829
migrants form social links among them and the extent to which this network provides them with material support along three …
Persistent link: https://www.econbiz.de/10010250057
Many studies indicate that human height is determined largely by childhood circumstances, which in turn influences an adult's labor market opportunities. The aim of this note is to test this thesis by examining the correlation between childhood circumstances and labor market outcomes on the one...
Persistent link: https://www.econbiz.de/10009754858
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
Persistent link: https://www.econbiz.de/10010344833