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Why echo chambers are useful
Jann, Ole; Schottmuller, Christoph - 2019
Why do people appear to forgo information by sorting into “echo chambers”? We construct a highly tractable multi-sender, multi-receiver cheap talk game in which players choose with whom to communicate. We show that segregation into small, homogeneous groups can improve everybody’s...
Persistent link: https://www.econbiz.de/10012265620
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Information sharing networks in oligopoly
Currarini, Sergio; Feri, Francesco - 2008
information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of …
Persistent link: https://www.econbiz.de/10010293393
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Information sharing in oligopoly : sharing groups and core-periphery architectures
Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765
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Efficient incentives in social networks : "gamification" and the coase theorem
Daske, Thomas - 2019
This study explores mechanism design for networks of interpersonal relationships. Agents' social (i.e., altruistic or …
Persistent link: https://www.econbiz.de/10012061117
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The old-boy network and the quality of entrepreneurs
Bac, Mehmet; Inci, Eren - 2010
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10010270476
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The economic properties of software
von Engelhardt, Sebastian - 2008
Software is a good with very special economic characteristics. Taking a general definition of software as its starting-point, this article systematically elaborates the central qualities of the commodity which have implications for its production and cost structure, the demand, the...
Persistent link: https://www.econbiz.de/10010273764
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In Search of Stars: Network Formation among Heterogeneous Agents
Ule, Aljaž; Goeree, Jacob K.; Riedl, Arno - 2007
predominance of star-like structures in real-life social networks. …
Persistent link: https://www.econbiz.de/10010312556
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Bilateral information sharing in oligopoly
Currarini, Sergio; Feri, Francesco - 2007
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/10003912124
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Community structure and market outcomes : a repeated games in networks approach
Fainmesser, Itay - 2010
in a buyer-seller network and suggest a framework for studying repeated games in such networks. In our framework, buyers …, sparseness, and segregation. We find that the incentive constraints rule out networks that maximize the volume of trade and that … the constrained trade maximizing networks are in between "old world" segregated and sparse networks, and a "global market …
Persistent link: https://www.econbiz.de/10008669990
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The old-boy network and the quality of entrepreneurs
Bac, Mehmet; Inci, Eren - 2010
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10003974212