Showing 1 - 10 of 2,286
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/10005057151
What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory … number of structural holes in the entrepreneurial social networks. While the effect of this institutional order on the … revenue growth of new ventures is negative, a network’s structural holes have a positive effect on the revenue growth …
Persistent link: https://www.econbiz.de/10011161390
This paper uses a toy financial system to study systemic risk in scale-free interbank networks. Networks are produced … for interbank networks are designed in a way to reproduce the frequently documented features of disassortative behavior …
Persistent link: https://www.econbiz.de/10010292729
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
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/10010293423
This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration affects firm size and effciency, norm enforcement, and aggregate economic performance. When economic integration is low and local...
Persistent link: https://www.econbiz.de/10010294445
complex credit networks as a safeguard against extreme risks. As a policy implication, this research suggests to provide …
Persistent link: https://www.econbiz.de/10010296014
We derive microscopic foundations for a well-known probabilistic herding model in the agent-based finance literature. Lo and behold, the model is quite robust with respect to behavioral heterogeneity, yet structural heterogeneity, in the sense of an underlying network structure that describes...
Persistent link: https://www.econbiz.de/10010296300
suggests that success breeds success in the networks of established firms. The existence of networks overturns the claim that …
Persistent link: https://www.econbiz.de/10010297842
hierarchical networks in the generalized model that presumably reflect the institutional heterogeneity of financial markets. These …
Persistent link: https://www.econbiz.de/10010299741