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We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of private signals. Using the general model developed by Raith (1996), we show that if firms are allowed to make bilateral exclusive sharing agreements, then some degree of...
Persistent link: https://www.econbiz.de/10005057151
What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory … number of structural holes in the entrepreneurial social networks. While the effect of this institutional order on the … revenue growth of new ventures is negative, a network’s structural holes have a positive effect on the revenue growth …
Persistent link: https://www.econbiz.de/10011161390
This paper studies an analytically tractable model of the formation and evolution of chains of production. Over time, entrepreneurs accumulate techniques to produce their good using goods produced by other entrepreneurs and labor as inputs. The value of a technique depends on both the...
Persistent link: https://www.econbiz.de/10010292100
Many types of economic and social activities involve significant behavioral complementarities (peer effects) with neighbors in the social network. The same activities often exert externalities that cumulate in stocks affecting agents' welfare and incentives. For instance, smoking is subject to...
Persistent link: https://www.econbiz.de/10010294280
This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that determines the level of decay of each link. We address...
Persistent link: https://www.econbiz.de/10010294802
We propose a theory that explains why rational agents start to believe in a causal relationship between unrelated events. Agents send and collect messages through a communication network. If they are convinced of a relationship between two events, they send messages confirming their belief with...
Persistent link: https://www.econbiz.de/10010301551
Network politics is examined in the context of the Arab Spring. Network politics refers to politics and networks. These … networks include the Internet, private networks, cellular networks, telephone networks, radio networks, television networks …, etc. Network politics includes the applications of networks to enable one or more individuals or organizations to engage …
Persistent link: https://www.econbiz.de/10012043576
Smart cities are associated almost exclusively with modern technology and infrastructure. However, smart cities have the possibility to enhance the involvement and contribution of citizens to urban development. This work explores the role of governance as one of the factors influencing the...
Persistent link: https://www.econbiz.de/10012044635