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After decades of government growth, Western countries have witnessed major policy reversals. Prominent examples include the far-reaching policy reversals implemented by Thatcher, Reagan, and Douglas. This paper offers an explanation for these policy reversals. Our key argument rests on the...
Persistent link: https://www.econbiz.de/10011256715
Seasonality is a frequent and important occurrence in the tourism industry, with simultaneous effects on both the volume and financial flows of tourism. The seasonal characteristics of these monetary and non-monetary tourism indicators can show diverging paths. Lack of synchronization between...
Persistent link: https://www.econbiz.de/10011256242
We investigate contributions to the provision of public goods on a network when efficient provision requires the … formation of a star network. We provide a theoretical analysis and study behavior in a controlled laboratory experiment. In a 2x …
Persistent link: https://www.econbiz.de/10011256512
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution. Knowledge diffusion through a Small World network produces an extraordinary diversity of individual growth …
Persistent link: https://www.econbiz.de/10011256592
This discussion paper resulted in a publication in the 'Review of Network Economics' (forthcoming).<P> Agents involved … in the formation of a social or economic network typically face uncertainty about the benefits of creating a link …. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation literature. We …
Persistent link: https://www.econbiz.de/10011256629
Policy makers spend large amounts of public resources on the foundation of science parks and other forms of geographically clustered business activities, in order to stimulate regional innovation. Underlying the relation between clusters and innovation is the assumption that co-located firms...
Persistent link: https://www.econbiz.de/10011256660
A well-known model in sociology and marketing is that of opinion leadership. Opinion leaders are actors who are able to affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise this power by influencing their followers choice of...
Persistent link: https://www.econbiz.de/10011256876
that the individual's incentives depend on the architecture of the network as well as on the position of the individual … within the network. In particular, when an efficient interaction requires players to mutually cooperate, efficient social …
Persistent link: https://www.econbiz.de/10011257046
Many networks such as the Internet have been found to possess scale-free and small-world network properties reflected …-organizing processes and more specifically, preferential attachment. New nodes in a network tend to attach themselves to other vertices …, the diameter of the network is small in comparison to other network structures, and movement through the network is …
Persistent link: https://www.econbiz.de/10011257070
overall network topology, which characterizes migration flows. Although gravity models focus on spatial interaction - in this … network. In the present paper, we will employ network analysis to address such systemic research questions, in particular: How … between specific countries, and if so, do such patterns change over time? Going a step further than exploratory network …
Persistent link: https://www.econbiz.de/10011257465