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We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … the vast majority of the corresponding economic literature, we capture homophily in terms of similarity rather than … homophily levels. As a possible application we provide a stylized labor market model, where a firm can hire a worker via the …
Persistent link: https://www.econbiz.de/10010379888
We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … the vast majority of the corresponding economic literature, we capture homophily in terms of similarity rather than … characteristics. A homophily parameter directly determines the strength of this effect. As a main result, we show that for any …
Persistent link: https://www.econbiz.de/10011296325
higher resource flow as well as homophily reinforce decision-makers' ideological bias. We highlight that competing lobbyists …
Persistent link: https://www.econbiz.de/10011576305
more senior co-authors. Standard models of homophily and discrimination cannot account for these differences. We discuss …
Persistent link: https://www.econbiz.de/10011812175
, connections increase over time, but homophily on gender and ethnicity is relatively constant across time, university residences … layers. Furthermore, we see assortativity in homophilous tendencies. There is weaker, albeit significant, homophily over …
Persistent link: https://www.econbiz.de/10013486159
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
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
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/10009731783
We study the bilateral exchange of information in the context of linear quadratic games. An information structure is here represented by a non directed network, whose nodes are agents and whose links represent sharing agreements. We first study the equilibrium use of information in any given...
Persistent link: https://www.econbiz.de/10009756291
Banks failed in 2008 because individuals with knowledge of risks were not connected to individuals who had the incentive and power to take corrective action. Evidence of this problem is provided by reports from the Lehman liquidator and The US Government Financial Crisis Inquiry Commission....
Persistent link: https://www.econbiz.de/10013092870