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We survey the literature on social networks by putting together the economics, sociological and physics … network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … not explain why they emerge. On the contrary, the economics approach is very precise in explaining why networks emerge but …
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This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
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There is growing awareness within the economics profession of the important role narratives play in the economy. Even … economics, we propose a definition of collective economic narratives, isolating five important characteristics. We argue that … empirical narrative economics. …
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