In this paper we study the relationship between multi-way means of communication and corruption. Unlike traditional platforms like TV or print media, which only provide a one-way channel of communication, the internet and social media platforms provide for two-way flow of information. Using...

Using data from a survey of 160 urban borrowing groups of the Microfund for Women in Jordan, we investigate the effect of screening, peer monitoring, group pressure, and social ties on borrowing groups’ repayment behavior as an indirect test of different theoretical models. The dependent...

In this paper we characterize efficient networks for network formation games with global spillovers, that satisfy convexity and sub-modularity properties. This allows us to complete the work of Goyal and Joshi (2006) and Westbrock on collaborative oligopoly networks. In particular, we establish...

Several current issues in economics are centered on scheduling and matching problems, notably including the 2012 Nobel Prize winning work. Such problems usually lie outside the scope of most undergraduate courses. The authors present a relatively simple problem that can be used to introduce the...

Our paper belongs to the strand of literature associated with the notion of Nash networks introduced by Bala and Goyal [1] in the connections model. Our aim is to consider situations where agent i has concerns about the validity of information that she acquires from agent j. Independently...

In this paper, we examine a modied 2 x 2 game of Hex in which control of each cell is determined by a Tullock contest. The player establishing a path of cells within his control between his two sides wins a fixed prize. Examining the polar cases of all cells being contested simultaneously versus...

We estimate a structural model of optimal life-cycle housing and nonhousing con- sumption in the presence of labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service and nonhousing consumption, and explicitly incorporates a...

In this article, we explore whether relative risk aversion varies with wealth. First, we derive theoretical predictions on how risky shares respond to wealth uctuations in a portfolio choice model with both external habits and time-varying labor income. Our analytical results indicate that: (1)...

Do immigrants have better labor-market outcomes under Democratic governors? By exploiting variations associated with close elections in a regression discontinuity (RD) design applied on gubernatorial elections in 50 states over the last two decades, we find that immigrants are more likely to be...