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Distributional effects of CAP subsidies : micro evidence from the EU

Ciaian, Pavel; Kancs, D'Artis; Gómez y Paloma, Sergio - 2010

In this paper we estimate the income distributional effects of the common agricultural policy (CAP) for farmers and … Heckman selection bias and the GMM estimators to estimate income distributional effects of CAP subsidies. The results do not … confirm the theoretical hypothesis that landowners benefit a large share of the CAP subsidies. According to our estimates …

Persistent link: https://www.econbiz.de/10011524063

Information sharing networks in oligopoly

Currarini, Sergio; Feri, Francesco - 2008

We study the incentives of oligoplistic firms to share private information on demand parameters. Differently from previous studies, we consider bilateral sharing agreements, by which firms commit at the ex-ante stage to truthfully share information. We show that if signals are i.i.d., then...

Persistent link: https://www.econbiz.de/10010293393

Coordination in Evolving Networks with Endogenous Decay

Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009

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

Durable Goods, Innovation and Network Externalities

Cerquera Dussán, Daniel - 2007

We develop a model of R&D competition between an incumbent and a potential entrant with network externalities and durable goods. We show that the threat of entry eliminates the commitment problem that an incumbent may face in its R&D decision due to the goods? durability. Moreover, a potential...

Persistent link: https://www.econbiz.de/10010297985

Interactions in DSGE models: The Boltzmann-Gibbs machine and social networks approach

Chang, Chia-ling; Chen, Shu-heng - 2011

While DSGE models have been widely used by central banks for policy analysis, they seem to have been ineffective in calibrating the models for anticipating financial crises. To bring DSGE models closer to real situations, some of researchers have revised the traditional DSGE models. One of the...

Persistent link: https://www.econbiz.de/10010305848

Exploitation and Cooperation in Networks

Galeotti, Andrea; Meléndez, Miguel - 2004

A fundamental question in social sciences is how trust emerges. We provide an answer which relies on the formation of social and economic relationships. We argue that behind trust lies the fact that individuals invest in connections taking into account the potential externalities networks...

Persistent link: https://www.econbiz.de/10010325280

One-way Flow Networks: the Role of Heterogeneity

Galeotti, Andrea - 2004

I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...

Persistent link: https://www.econbiz.de/10010325361

Two-way Flow Networks with Small Decay

Jaegher, K. De; Kamphorst, J.J.A. - 2010

This paper characterizes the set of equilibrium networks in the two-way flow model of network formation with small decay, and this for all increasing benefit functions of the players. We show that as long as the population is large enough, this set contains large- as well as small-diameter...

Persistent link: https://www.econbiz.de/10010325763

Risk Aversion and Social Networks

Kovarik, Jaromir; van der Leij, Marco J. - 2011

Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation literature. We propose a dynamic network formation model...

Persistent link: https://www.econbiz.de/10010325766

Measuring Power and Satisfaction in Societies with Opinion Leaders: An Axiomatization

van den Brink, Rene; Rusinowska, Agnieszka; Steffen, Frank - 2011

A well-known model in sociology and marketing is that of opinion leadership. Opinion leaders are actors who are able to affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise this power by influencing their followers choice of...

Persistent link: https://www.econbiz.de/10010325928

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