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We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update … centrality and decreasing in conformity. Concerning efficiency of information aggregation or "wisdom" of the society, it turns … the optimal distribution of conformity levels in the society and show which agents should be more conforming in order to …
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power of landowner relationship networks and lobbying behaviour on successfully gaining value-enhancing rezoning. A State …
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This paper employs a unique dataset on articles, authors and editors of the top general interest journals in economics to investigate the role of social connections in the publication process. Ties between editors and authors are identified based on their academic histories. Results show that an...
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Many types of economic and social activities involve significant behavioral complementarities (peer effects) with neighbors in the social network. The same activities often exert externalities that cumulate in "stocks" affecting agents' welfare and incentives. For instance, smoking is subject to...
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