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We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action …
Persistent link: https://www.econbiz.de/10010341151
tie failures. Using cooperative game theory, we assign weights to every tie of the network where the cooperative game … accounts for the cohesion of the network. These weights are combined with the weights of the original network where emphasis …
Persistent link: https://www.econbiz.de/10010483878
When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers …. Only wage mechanisms that allow for ex post competition generate the maximum matching on a realized network. We show that …
Persistent link: https://www.econbiz.de/10010343782
social network similarly to the DeGroot model. Abstracting from the standard assumption that individuals always report their … increasing in network centrality and decreasing in the level of conformity. Thus, lower conformity fosters opinion leadership … the sense of a smaller mean squared error of their estimate, if players who are well informed (relative to their network …
Persistent link: https://www.econbiz.de/10010342212
The ex ante theory of collateral states that better informed lenders, such as informal lenders, rely less on collateral. We test this by contrasting the use of collateral between formal and informal lenders in the same market. Indeed, formal lenders rely more often on collateral, controlling for...
Persistent link: https://www.econbiz.de/10010342166
Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...
Persistent link: https://www.econbiz.de/10011548098
What are the welfare and employment consequences of preferential trade agreements (PTAs) for developing and emerging countries? Standard quantitative models of international trade which are generally used to assess the impact of PTAs assume full employment and hence abstract from (net)...
Persistent link: https://www.econbiz.de/10010483840
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