Peer-To-Peer advertising is the newest trend in the age of online advertising. The Facebook gift phenomenon or invention of Application directories in Orkut or rapidly increasing usage of Avatars in Second-Life, all lead to new market dynamics using the latest advertising mode. In this paper we...

We report experimental evidence on the effect of observability of actions on bank runs. We model depositors' decision-making in a sequential framework, with three depositors located at the nodes of a network. Depositors observe the other depositors' actions only if connected by the network....

We report experimental evidence on the effect of observability of actions on bank runs. We model depositors' decision-making in a sequential framework, with three depositors located at the nodes of a network. Depositors observe the other depositors' actions only if connected by the network. A...

I model people in a coordination game who use a communication network to tell each other their willingness to participate. The minimal sufficient networks for coordination can be interpreted as placing people into ahierarchy of social roles or "stages": "initial adopters", then "followers", and...

Abstract: This essay makes a conceptual distinction between societal categories, such as social networks, norms, and social status differentiation, on the one hand, and social capital, on the other. The former are institutional phenomena arising as outcomes of social-exchange games in which...

With the increased penetration of digital technologies into entrepreneurship, the traditional need for proximity to specific locations or large amounts of funding for infrastructure development has diminished. Instead, digital entrepreneurs now pursue locations that provide more opportunities...

Over the past 50 years, people living in developing countries have gained access to technologies, such as high yielding agricultural seed varieties and modern medicine, that have the potential to dramatically alter the quality of their lives. Although the adoption of these technologies has...