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are connected according to an undirected graph, the social network, and have the choice between two actions: either to … network. (2) Average inclination governs collective adoption behavior. (3) Initial inclinations determine the critical mass of … network and other parameters. Given the complexity of the system we use a standard technique for estimating the solution …
Persistent link: https://www.econbiz.de/10013061677
network. Interestingly, unconnected equilibria are asymmetric and central players may emerge. Second, I show that non …
Persistent link: https://www.econbiz.de/10010325361
dynamic equilibrium behaviour on a network, even if the underlying link dynamics (we consider Vickrey bottlenecks with …
Persistent link: https://www.econbiz.de/10014102451
Policy makers spend large amounts of public resources on the foundation of science parks and other forms of geographically clustered business activities, in order to stimulate regional innovation. Underlying the relation between clusters and innovation is the assumption that co-located firms...
Persistent link: https://www.econbiz.de/10010325336
A symmetric network consists of a set of positions and a set of bilateral links between these positions. Examples of … symmetric network we define a cooperative transferable utility game that measures the power of each coalition of positions in … the network. Applying the Shapley value to this game yields a network power measure, the beta-measure, which reflects the …
Persistent link: https://www.econbiz.de/10010325263
nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study …
Persistent link: https://www.econbiz.de/10013356507
We study the evolution of the influence of journals over the period 1970-2017. In the early 1970's, a number of journals had similar influence, but by 1995, the `Top 5' journals, QJE, AER, RES, Econometrica, and JPE, had acquired a major lead. This dominance has remained more or less unchanged...
Persistent link: https://www.econbiz.de/10012233981
In this paper, we connect the social network theory on centrality measures to the economic theory of preferences and … different networks. The famous degree measure assigns to every position in a weighted network the sum of the weights of all … links with its neighbours. A crucial property of a preference relation over network positions is neutrality to ordinary risk …
Persistent link: https://www.econbiz.de/10012949568
Many economic organizations have some relational structure, meaning that economic agents do not only differ with respect to certain individual characteristics such as wealth and preferences, but also belong to some relational structure in which they usually take different positions. Two examples...
Persistent link: https://www.econbiz.de/10010325156
Many economic organizations have some relational structure, meaning that economic agents do not only differ with respect to certain individual characteristics such as wealth and preferences, but also belong to some relational structure in which they usually take different positions. Two examples...
Persistent link: https://www.econbiz.de/10014057176