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Persistent link: https://www.econbiz.de/10008699913
; Cover Function ; Bargaining ; Symmetric Game ; Network …
Persistent link: https://www.econbiz.de/10008737140
probability and potential impact of contagion is influenced by aggregate and idiosyncratic shocks, changes in network structure … future robustness. -- Contagion ; network models ; systemic risk ; liquidity risk ; financial crises …
Persistent link: https://www.econbiz.de/10003944765
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … results with those obtained in sociology. -- Random graph ; game theory ; centrality measures ; network formation ; weak and …
Persistent link: https://www.econbiz.de/10003925546
We present a model of imperfect price competition where not all firms can sell to all consumers. A network structure … network, which corresponds to perfect competition, and decreases monotonically as the network becomes less connected until … competition when consumerscan either buy from a single firm or from all firms. -- Network markets ; price competition ; oligopoly …
Persistent link: https://www.econbiz.de/10009159244
When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects … network clearing). We show that those frictions and the wage mechanism are in general not independent. Equilibria that exhibit …
Persistent link: https://www.econbiz.de/10009239488
When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those … that can arise and the number of matches on a given network. Equilibria that exhibit wage dispersion are inefficient in …
Persistent link: https://www.econbiz.de/10009310818
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … exchange. Knowledge in any country depends on the human capital of the countries it exchanges knowledge with. The diffusion of …
Persistent link: https://www.econbiz.de/10011397182
, I provide a proposition that generalizes the results of these two models by stating that: (i) Strict Nash network … network as in Billand et al (2011). This proposition requires that a certain restriction on link formation cost (called …
Persistent link: https://www.econbiz.de/10010518019
from collaborations arise by sharing knowledge about a cost-reducing technology. By forming collaborations, however, firms … efficient network maximizing social welfare, and find that the efficient graph is either empty, complete or shows a strong core … counterfactual analyses, taking into account that the network and production can dynamically adjust to shocks or policy interventions …
Persistent link: https://www.econbiz.de/10011429537