Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10010758058
Persistent link: https://www.econbiz.de/10010758220
We develop two different social network models with different economic foundations. In the local-aggregate model, it is the sum of friends' efforts in some activity that affects the utility of each individual while, in the local-average model, it is costly to deviate from the average effort of...
Persistent link: https://www.econbiz.de/10011080226
This appendix contains all the proofs of the main article (Smith and Zenou (2003)).
Persistent link: https://www.econbiz.de/10005047999