these issues using a model of (Bayesian) learning over a social network. Agents learn rapidly from and may also have … environment changes sufficiently rapidly, any network consisting of just strong links will do only a little better than random …

, summary network parameters (e.g., the degree distribution or transitivity index); and (iii) empirical models of strategic … network formation admitting interdependencies in preferences. Current research challenges and open questions are also …

thinking about such social exchanges of models. The key assumption is that people adopt the interpretation in their network … that best explains the data, given their prior beliefs. An implication is that interpretations evolve within a network. For … many network structures, social learning mutes reactions to data: the exchange of models leaves beliefs closer to priors …

This paper presents and structurally estimates a model of endogenous network formation and legislative activity of … of Congress as exogenously given and instead embed it in a model of endogenous network formation useful for developing …

tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

In this note, we consider a broad class of network models where a large number of heterogeneous agents simultaneously …

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or … are robust to a range of approaches to address the endogeneity of firms' merger decisions …

traditional merger analysis. Neither subsequent entry nor follow-on mergers necessarily mitigate the problem …

, we construct an information-network model incorporating both information transmitters and information aggregators. Given … network equilibrium, its optimality and the patterns of equilibrium and optimal configuration. We then allow for endogenous … costs, the monocentric network with one aggregator connecting to all other agents as transmitters on a tree graph is the …

linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong …