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Building Up Social Capital in a Changing World: A Network Approach

Vega-Redondo, Fernando - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper models the dynamic process through which a large society may succeed in building up its “social capital” by establishing a stable and dense pattern of interaction among its members. In the model, agents interact according to a collection of infinitely repeated Prisoner’s...

Persistent link: https://www.econbiz.de/10005423105

Coordination in Networks Formation: Experimental Evidence on Learning and Salience

Galizzi, Matteo; Bernasconi, Michele - Fondazione ENI Enrico Mattei (FEEM) - 2005

We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat the one-way and the two-ways flow models, each for high and low link costs. The models show both multiple equilibria and coordination problems. We conduct experiments under...

Persistent link: https://www.econbiz.de/10005385417

Opinion Dynamics and Wisdom under Conformity

Buechel, Berno; Hellmann, Tim; Kölßner, Stefan - Fondazione ENI Enrico Mattei (FEEM) - 2014

We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors' expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an...

Persistent link: https://www.econbiz.de/10010781882

Cheap Talk with Correlated Signals

Chand, A.K.S.; Currarini, Sergio; Ursino, Giovanni - Fondazione ENI Enrico Mattei (FEEM) - 2013

We consider a game of information transmission, with one informed decision maker gathering information from one or more informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the one sender case, we show that correlation...

Persistent link: https://www.econbiz.de/10010833919

Bilingualism and Communicative Benefits

Weber, Shlomo; Gabszewicz, Jean; Ginsburgh, Victor - Fondazione ENI Enrico Mattei (FEEM) - 2008

We examine patterns of acquiring non-native languages in a model with two languages and two populations with heterogeneous learning skills, where every individual faces a binary choice of learning the foreign language or refraining from doing so. We show that both interior and corner linguistic...

Persistent link: https://www.econbiz.de/10005230925

The Grand Experiment of Communism: Discovering the Trade-off between Equality and Efficiency

Farvaque, Etienne; Mihailov, Alexander; Naghavi, Alireza - Fondazione ENI Enrico Mattei (FEEM) - 2011

This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences in different economic systems. We introduce inequality-averse and inefficiency-averse agents responding to economic incentives and transmitting their ideology...

Persistent link: https://www.econbiz.de/10009320986

Social Games: Matching and the Play of Finitely Repeated Games

Jackson, Matthew O.; Watts, Alison - Fondazione ENI Enrico Mattei (FEEM) - 2005

We examine a new class of games, which we call social games, where players not only choose strategies but also choose with whom they play. A group of players who are dissatisfied with the play of their current partners can join together and play a new equilibrium. This imposes new refinements on...

Persistent link: https://www.econbiz.de/10005423090

The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles

Buchner, Barbara K.; Carraro, Carlo; Ellerman, A. Denny - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme … lessons and general principles to be learnt from the allocation of allowances in the European Union Emission Trading Scheme … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …

Persistent link: https://www.econbiz.de/10005570294

Political Cycles : The Opposition Advantage

Gautier, Pascal; Soubeyran, Raphael - Fondazione ENI Enrico Mattei (FEEM) - 2005

We propose a two dimensional infinite horizon model of public consumption in which investments are decided by a winner-take-all election. Investments in the two public goods create a linkage across periods and parties have different specialities. We show that the incumbent party vote share...

Persistent link: https://www.econbiz.de/10005385348

The Cost of Segregation in Social Networks

Allouch, Nizar - Fondazione ENI Enrico Mattei (FEEM) - 2013

This paper investigates the private provision of public goods in segregated societies. While most research agrees that segregation undermines public provision, the findings are mixed for private provision: social interactions, being strong within groups and limited across groups, may either...

Persistent link: https://www.econbiz.de/10010904919