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 … affects the efficiency of information aggregation or the ``wisdom'' of the society. We show that the society becomes wiser, in …

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 …

predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity a merger reduces innovation in both the merged entity and in non-merging competitors in an industry with high R …This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non …

profit maximization of merging firms in differentiated product industries. Using pre- and post-merger industry data, I am … Post-Nabisco merger. My results show an increasing degree of joint profit maximization of the merged entities over the … first two years after the merger, eventually leading to almost full maximization of joint profits. I find that between 9 …

We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action …