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We study lobbying in a setting in which decision-makers share resources in a network. Two opposing interest groups …-makers' ideologies as well as the network structure. We characterize the lobbying strategies in various network settings and show that a …' efforts do not neutralize each other and their payoffs and competitive advantages depend on the networks they face. Our …
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This paper models the dynamic process through which a large society may succeed in building up its social capital by establishing a stable and dense pattern of interaction among its members. In the model, agents interact according to a collection of infinitely repeated Prisoner's Dilemmas played...
Persistent link: https://www.econbiz.de/10011591665
Social capital is often represented by generalized trust - the degree to which one trusts "most (unknown) people". It is assumed to be enhanced by diverse group interactions. In the social capital literature, it is opposed by particularized trust, which represents our mutual confidence in...
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Which kind of social capital fosters the diffusion of development-oriented trust? This paper carries out an empirical investigation into the causal relationships connecting four types of social capital (i.e. bonding, bridging, linking, and corporate), and different forms of trust...
Persistent link: https://www.econbiz.de/10008810994
In village economies, insurance networks are key to smoothing shocks, while production networks can propagate them. The … interplay of these networks is crucial. We show that a significant health expenditure shock to one household propagates to other … linked households via supply-chain and labor networks. Imperfectly insured households adjust production decisionscutting …
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This paper studies bargaining and exchange in a networked market with intermediation. Possibilities to trade are restricted through a network of existing relationships and traders bargain over the division of available gains from trade along different feasible routes. Using a stochastic model of...
Persistent link: https://www.econbiz.de/10009565541