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Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a microfoundation of the linear-in-means model and investigate its properties. We show that...
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geographic or informational limitations or due to deliberate network design on the part of a platform. To examine these … them via a network. If there is sufficiently small substitutability between goods, there is a unique interior pure … network where buyers observe and trade with all sellers with probability one maximises consumer surplus, but such a network …
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Familiarity with the network and its security risks …
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restricted through a network of existing relationships and traders bargain over the division of available gains from trade along … point of a set of intuitive value function equations and study efficiency and the relationship between network structure and …
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