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INSTITUTIONAL POLYCENTRISM, ENTREPRENEURS’ SOCIAL NETWORKS, AND NEW VENTURE GROWTH

Batjargal, Bat - William Davidson Institute, University of Michigan - 2013

What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory … number of structural holes in the entrepreneurial social networks. While the effect of this institutional order on the … revenue growth of new ventures is negative, a network’s structural holes have a positive effect on the revenue growth …

Persistent link: https://www.econbiz.de/10011161390

Business networks, production chains, and productivity: A theory of input-output architecture

Oberfield, Ezra - 2011

This paper studies an analytically tractable model of the formation and evolution of chains of production. Over time, entrepreneurs accumulate techniques to produce their good using goods produced by other entrepreneurs and labor as inputs. The value of a technique depends on both the...

Persistent link: https://www.econbiz.de/10010292100

Hubs and resilience: Towards more realistic models of the interbank markets

Montagna, Mattia; Lux, Thomas - 2013

This paper uses a toy financial system to study systemic risk in scale-free interbank networks. Networks are produced … for interbank networks are designed in a way to reproduce the frequently documented features of disassortative behavior …

Persistent link: https://www.econbiz.de/10010292729

Information sharing networks in oligopoly

Currarini, Sergio; Feri, Francesco - 2008

information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of …

Persistent link: https://www.econbiz.de/10010293393

Bilateral information sharing in oligopoly

Currarini, Sergio; Feri, Francesco - 2007

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/10010293423

Games on networks: Direct complements and indirect substitutes

Currarini, Sergio; Fumagalli, Elena; Panebianco, Fabrizio - 2013

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...

Persistent link: https://www.econbiz.de/10010294280

From Tradition to Modernity: Economic Growth in a Small World

Lindner, Ines; Strulik, Holger - 2011

This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration affects firm size and effciency, norm enforcement, and aggregate economic performance. When economic integration is low and local...

Persistent link: https://www.econbiz.de/10010294445

Coordination in Evolving Networks with Endogenous Decay

Feri, Francesco; Meléndez-Jiménez, Miguel A. - 2009

This paper studies an evolutionary model of network formation with endogenous decay, in which agents benefit both from direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that determines the level of decay of each link. We address...

Persistent link: https://www.econbiz.de/10010294802

Credit for what? Informal credit as a coping strategy of market women in northern Ghana

Schindler, Kati - 2006

complex credit networks as a safeguard against extreme risks. As a policy implication, this research suggests to provide …

Persistent link: https://www.econbiz.de/10010296014

Should Network Structure Matter in Agent-Based Finance?

Alfarano, Simone; Milaković, Mishael - 2008

We derive microscopic foundations for a well-known probabilistic herding model in the agent-based finance literature. Lo and behold, the model is quite robust with respect to behavioral heterogeneity, yet structural heterogeneity, in the sense of an underlying network structure that describes...

Persistent link: https://www.econbiz.de/10010296300