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between either bribing only the majority and accepting the monitoring of the minority, or alternatively, bribing also the … minority, which gives up to its control role and increases the probability of success of the illicit action. Minorities can …
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We develop a model of friendship formation that sheds light on segregation patterns observed in social and economic networks. Individuals come in different types and have type-dependent benefits from friendships; we examine the properties of a steady-state equilibrium of a matching process of...
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