Casella, Alessandra; Hanaki, Nobuyuki - C.E.P.R. Discussion Papers - 2005
Economists and sociologists disagree over markets’ potential to take over functions typically performed by networks of … productivity. We study the extent to which the possibility of signalling reduces the reliance on the network. We find that the … network is remarkably resilient - only for a small minority of parameter values does the network disappear. The problem is …