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Do the CAP Subsidies Increase Employment in Sweden? Estimating the Open Economy Relative Multiplier Using an Exogenous Change in the CAP

Blomquist, Johan; Nordin, Martin - 2013

This study evaluates the impact of agricultural subsidies (CAP) on unemployment and employment outside the agricultural … sector. For the CAP subsidies to have an effect outside the agricultural sector, the subsidies must have a second … which redistributed the payments among the regions. This exogenous redistribution of the CAP is the identifying assumption …

Persistent link: https://www.econbiz.de/10013208668

Coauthorship Networks and Research Output

König, Michael D.; Liu, Xiaodong; Zimmermann, Christian - 2015

We study the impact of research collaborations in coauthorship networks on total research output. Through the links in the collaboration network researchers create spillovers not only to their direct coauthors but also to researchers indirectly linked to them. We characterize the interior...

Persistent link: https://www.econbiz.de/10011420563

Network formation with local complements and global substitutes: The case of R&D networks

Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong - 2017

In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors in the network benefit from each other's action levels through local complementarities and there exists a global interaction effect reflecting a strategic substitutability in...

Persistent link: https://www.econbiz.de/10011663176

Dynamic R&D networks with process and product innovations

König, Michael D. - 2016

We analyze the endogenous formation of R&D networks, where firms are active in different product markets and can benefit from R&D spillovers form collaborating firms within or across different industries. R&D spillovers help firms to introduce process innovations to lower their production costs....

Persistent link: https://www.econbiz.de/10011663182

Fictitious play in networks

Ewerhart, Christian; Valkanova, Kremena - 2016

This paper studies fictitious play in networks of noncooperative two-player games. We show that continuous-time fictitious play converges to Nash equilibrium provided that the overall game is zero-sum. Moreover, the rate of convergence is 1/T , regardless of the size of the network. In contrast,...

Persistent link: https://www.econbiz.de/10011663198

Aggregate fluctuations in adaptive production networks

König, Michael D. - 2016

We study production networks where firms' products can be described by a set of input and output characteristics, and links are formed only if the output characteristics of a seller match the input characteristics of a customer. We introduce a fully endogenous network formation model with...

Persistent link: https://www.econbiz.de/10011663199

How fundamentalism takes root: A simulation study

Friedman, Daniel; Fan, Jijian; Gair, Jonathan; Iyer, Sriya - 2016

We report agent-based simulations of religiosity dynamics in a spatially dispersed population. Agents' religiosity responds to neighbors via pairwise interactions as well as via club goods effects. A simulation run is deemed fundamentalist if the final distribution contains a sizable minority of...

Persistent link: https://www.econbiz.de/10012013810

Fictitious play in networks

Ewerhart, Christian; Valkanova, Kremena - 2019

This paper studies fictitious play in networks of noncooperative two-person games. We show that continuous-time fictitious play converges to the set of Nash equilibria if the overall n-person game is zero-sum. Moreover, the rate of convergence is 1/T, regardless of the size of the network. In...

Persistent link: https://www.econbiz.de/10012026511

Contagion in Stable Networks

Bougheas, Spiros - 2017

We study the formation of networks in environments where agents derive benefits from other agents directly linked to them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider networks with undirected links (e.g. epidemics,...

Persistent link: https://www.econbiz.de/10011816753

The Strength of Weak Leaders - An Experiment on Social Influence and Social Learning in Teams

Büchel, Berno; Klößner, Stefan; Lochmüller, Martin; … - 2018

We investigate how the selection process of a leader affects team performance with respect to social learning. We use a lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on...

Persistent link: https://www.econbiz.de/10011816763

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