There is growing evidence of producer-level idiosyncratic shocks affecting macroeconomic aggregates as they are propagated and amplified by input-output linkages, which are also known as the production network. Most of the recent models assume that this shock-propagation is instantaneous,...

This excerpt discusses the differences between traditional economic activities and those in the digital economy, particularly in the realm of data-related industries. In the digital economy, there are distinct characteristics that set it apart, which are mirrored in a new network structure that...

We study whether interactions between individuals with different skills, expertise and perspectives influenced innovation in U.S. counties from 1850 to 1940. We introduce and validate a new measure of social interactional diversity based on the distribution of surnames: lower surname diversity...

The elderly is unable to maintain agricultural production in China’ s countryside because of the ongoing exodus of rural laborers. Transferring land can advance agricultural growth and ease the burden of land-based lifestyles among rural elderly. Currently, the social network created by the...

We reconsider de Marti and Zenou (2017) model of friendship network formation where individuals belong to two different communities and costs of forming links depend on community memberships. Many inefficient friendship networks such as segregation can arise when all individuals are myopic. Once...

In this paper, we study how exogenously given social relations (e.g. friendship) among the firm owners/managers influence the formation of an R&D collaboration network among the firms. In our framework, firms, prior to competing in the market, invest in R&D collaborations with others which...

We examine the role of ethnic networks in recession-induced SSDI take-up among immigrants in the United States. We show that immigrants from ethnic groups with high take-up rates are more likely to go on disability when jobs become scarce. This effect is concentrated among those people with good...

This article provides evidence from the Congo that social relationships with state officials can decrease one social cost of corruption, in the context of public transport. We first document that police stops can lead to long bribe negotiations. In response, some drivers and officers have built...

Recently, the Chinese concept of guanxi (networks or business relationships) has drawn considerable attention and inspired researchers to explore its prevalence in diverse cultures. Accordingly, we examined the direct link between supervisor-subordinate guanxi and employee work behaviors...

Excessive usage of social networking sites (SNSs) has permeated individuals' daily lives, leading to negative outcomes such as reduced cognitive performance and physical problems. Regardless of the threat, few researchers have examined the negative consequences of social networking sites on...