Showing 1 - 10 of 3,119
This paper explores how social interactions among consumers shape markets. In a two-country model, consumers meet and exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and quantities manufactured by profit-maximizing firms. We...
Persistent link: https://www.econbiz.de/10012487598
This paper estimates the effect of voting eligibility on civic engagement measured along three dimensions: political motivation, political activities, and political knowledge. These outcomes originate in the AmericasBarometer 2004-2016 surveys of eligible voters. To identify the effects the...
Persistent link: https://www.econbiz.de/10011882059
Due to an unprecedented rise in demand, in 2020 the Peruvian Ministry of Education implemented a centralized assignment mechanism that allowed thousands of students at various levels of education to move from the private to the public sector. In this paper, we empirically explore the...
Persistent link: https://www.econbiz.de/10014538996
Persistent link: https://www.econbiz.de/10001721479
are found. Over time, the underlying payoffs randomly change, i.e. display some volatility , which leads agents to react …-run invariant behavior and obtain the following conclusions: (a) Only if payoff volatility is not too high can the society sustain a … dense social network. (b) The social architecture endogenously responds to increased volatility by becoming more cohesive …
Persistent link: https://www.econbiz.de/10011591665
In this paper we extend the model of vertical product differentiation to also consider information disparities about the extent of quality differences. Equilibrium prices turn out to depend not only on the share of informed consumers but also on uninformed consumers beliefs about quality...
Persistent link: https://www.econbiz.de/10011600092
Persistent link: https://www.econbiz.de/10012426559
Persistent link: https://www.econbiz.de/10003358901
Persistent link: https://www.econbiz.de/10003486969
Persistent link: https://www.econbiz.de/10000902695