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obtaining her optimal number of partners. We provide a full characterization of steady state networks in terms of the allocation … of links between the two sides of the economy. These networks, which feature a small number of hubs on the long side …, refine the set of networks that form in the absence of bias, but they are not efficient in general, despite agents being …
Persistent link: https://www.econbiz.de/10012823966
networks setting of Ostrovsky (2008). The algorithmprovides an alternative proof for existence of a chain stable network …
Persistent link: https://www.econbiz.de/10012857142
In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept … special case of trading networks with transferable utility, an outcome is consistent with competitive equilibrium if and only …
Persistent link: https://www.econbiz.de/10012415626
have others. We fully characterize steady state sexual networks. This characterization implies that increasing the male …
Persistent link: https://www.econbiz.de/10013296325
We introduce a model in which firms trade goods via bilateral contracts which specify a buyer, a seller, and the terms of the exchange. This setting subsumes (many-to-many) matching with contracts, as well as supply chain matching. When firms' relationships do not exhibit a supply chain...
Persistent link: https://www.econbiz.de/10010599060
model provides a useful framework for understanding the topology of favor exchange networks. While the model exhibits … by the emergence of regular networks as opposed to star networks as stable and efficient network structures. …
Persistent link: https://www.econbiz.de/10011132589
unraveling can only occur when firms are willing to make early offers and workers are willing to accept them. We present a model …
Persistent link: https://www.econbiz.de/10008517652
of centralized and decentralized entry-level labor markets, evolution and adjustment paths of unraveling are explored …
Persistent link: https://www.econbiz.de/10005550908
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
Using detailed data on a cohort of young Americans who were in their late twenties and early thirties in 2008, we investigate the importance of forces different from economic incentives in nest-leaving decisions. We apply recent methods from social network econometrics to identify the importance...
Persistent link: https://www.econbiz.de/10011559614