Showing 1 - 10 of 712
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
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a microfoundation of the linear-in-means model and investigate its properties. We show that...
Persistent link: https://www.econbiz.de/10012133891
networks. We varied the network structure, the relative influence of the opponent, and the heterogeneity of the nodes' initial …
Persistent link: https://www.econbiz.de/10015069374
) embedded in a network have to decide how much effort they exert in some activity (say education). We show that the more central … minority agents are in the social network, the more they assimilate to the majority culture. We also show that denser networks … tend to favor assimilation so that, for example, it is easier to assimilate in a complete network than in a star …
Persistent link: https://www.econbiz.de/10011336962
A large literature has studied how peers affect behavior by exploiting the preexisting social network structure only … unique panel dataset that contains detailed information on the network of informal financial transactions before and after a … structure of the network of informal financial transactions among households. Second, we estimate a panel model of peer effects …
Persistent link: https://www.econbiz.de/10010436162
In this paper, we examine possible types of network formation among immigrants in the diaspora and between those … network structure on the country of origin, such as on international trade. We find that when the size of the diaspora is …
Persistent link: https://www.econbiz.de/10011452743
We consider a model of network interactions where the outcome of a unit depends on the outcomes of the connected units …. We determine the key network link, i.e., the network link whose removal results in the largest reduction in the aggregate … outcomes, and provide a measure that quantifies the contribution of a network link to the aggregate outcomes, which complements …
Persistent link: https://www.econbiz.de/10012806067
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … does a poor job in matching real-world networks. We also analyze behaviors on networks, which take networks as given and … results with those obtained in sociology. -- Random graph ; game theory ; centrality measures ; network formation ; weak and …
Persistent link: https://www.econbiz.de/10003925546
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
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/10010489618