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neighbors. The monopolist chooses the product design and price to influence a pattern of communication among consumers. We find … specialized products; (ii) the price elasticity is increasing in homophily; (iii) an increase in the homophily benefits both the …
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There is a surprising gap in the economic literature on social capital. First, we lack studies addressing the effects of social capital on those facets of development that can contribute in making growth more sustainable in the long run, like, for example, human development and social cohesion....
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