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SMALL WORLD NETWORKS WITH SEGREGATIONPATTERNS AND BROKERS
Gallo, Edoardo - University <Oxford> / Department of Economics - 2010
small worldnetwork. This paper develops a strategic network formation model where agents haveheterogeneous knowledge of the … network: cognizant agents know the whole network,while ignorant ones are less knowledgeable. For a broad range of parameters … higher betweenness centrality: they are the brokerswho connect di®erent parts of the network. Ignorant agents cause the …
Persistent link: https://www.econbiz.de/10005870099
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Out of Sight: Problem Sequences and Epistemic Boundaries of Medical Know-How on Glaucoma
Consoli, Davide; Ramlogan, Ronnie - Manchester Business School - 2008
characterized 150 years of medical research in ophthalmology. This is complemented in the second part by a network analysis of …
Persistent link: https://www.econbiz.de/10005870378
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Are Momentum Traders Different?Implications for the Momentum Puzzle
Menkhoff, Lukas - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2010
This paper examines the puzzlingly high unexploited momentum returns from a new perspective.We analyze characteristics of momentum traders in a sample of 692 fund managers. Wefind that momentum traders are “defined” by their short-term horizon, by a behavioural viewon the market and by a...
Persistent link: https://www.econbiz.de/10009302618
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Simultaneous Search and Network Efficiency
Gautier, Pieter A.; Holzner, Christian - Institut zur Zukunft der Arbeit <Bonn> - 2011
When workers send applications to vacancies they create a network. Frictions arise becauseworkers typically do not know … affects network formation, whilethe second coordination friction affects network clearing. We show that those frictions and … arise and the number of matches on a given network.Equilibria that exhibit wage dispersion are inefficient in terms of …
Persistent link: https://www.econbiz.de/10009347589
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Innovation Networks of High Tech SMES: Creation of Knowledge but no Creation of Value
Winters, Rob; Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2007
This paper analyses the effects of innovation networks on product and pro-cess innovation and sales growth of high technology SMEs. Innovation net-works are positively related to both product and process innovation, i.e. know-ledge creation. One exception is the negative effect of innovation...
Persistent link: https://www.econbiz.de/10005864581
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Collaborative Networks in Experimental Triopolies
Pantz, Katinka; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
This paper experimentally investigates the interdependence between market competition and endogenously emerging inter-firm collaboration. We restrict attention to arrangements resulting from bilateral collaboration agreements that typically characterize real world applications in which the...
Persistent link: https://www.econbiz.de/10005866674
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Cooperative Networks: Theory and Experimental Evidence
Pantz, Katinka; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
We consider a modi¯ed pure public good game characterized by a pre-play negotiation stage, onwhich pairs of players can form binding cooperation commitments. As the introduced mecha-nism only supports pairwise rather than more inclusive commitments, it does not implement thee±cient outcome. We...
Persistent link: https://www.econbiz.de/10005866705
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Critical Issues in Microbusiness Finance and the Role of Donors
Schmidt, Reinhard H.; Zeitinger, Claus-Peter - 1997
In the early 1990s, a consensus emerged among the leading experts in the field of small and micro business finance. It is based on three elements: The focus of projects should be on improving the entire financial sector of a given developing country; a commercial approach should be adopted,...
Persistent link: https://www.econbiz.de/10005840406
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What do Information Frictions do?
Bhattacharya, Joydeep; Chakraborty, Shankha - Iowa State University of Science and Technology <Ames, … - 2003
Researchers have incorporated labor or credit market frictions in isolation within simple neoclassical models to open up a role for institutions, inject realism into their models and examine the impact of these distortions on output and employment. We present an overlapping generations model...
Persistent link: https://www.econbiz.de/10009418938
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Labor Mobility across the Formal/Informal Dividein Turkey: Evidence from Individual Level Data
Tansel, Aysıt; Kan, Elif Oznur - Exploring the Causes of Frictional Wage Dispersion - 2012
Informality has long been a salient phenomenon in developing country labor markets, thushas been addressed in several theoretical and empirical research. Turkey, given its economicand demographic dynamics, provides rich evidence for a growing, heterogeneous andmultifaceted informal labor market....
Persistent link: https://www.econbiz.de/10009486881