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 …

characterized 150 years of medical research in ophthalmology. This is complemented in the second part by a network analysis of …

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 …

This paper introduces the Small World model (Watts and Strogatz, Nature,1998) into the theory of economic growth and …

. We report the results of a series ofexperiments. The first experiment is designed as a straightforward theory …

. Ourmain hypothesis is that formal market-based products lead to lower voluntary transfersamong network members. We also test …