Showing 1 - 10 of 1,997
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a microfoundation of the linear-in-means model and investigate its properties. We show that...
Persistent link: https://www.econbiz.de/10012859300
migrants form social links among them and the extent to which this network provides them with material support along three …
Persistent link: https://www.econbiz.de/10013057910
In this paper, we examine possible types of network formation among immigrants in the diaspora and between those … network structure on the country of origin, such as on international trade. We find that when the size of the diaspora is …
Persistent link: https://www.econbiz.de/10012997439
This paper reports results from a laboratory experiment on network formation among heterogeneous agents. The … experimental design extends the Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing … private information. In all treatments, the (efficient) equilibrium network has a "star" structure. With homogeneous agents …
Persistent link: https://www.econbiz.de/10013318256
We develop and estimate a theory-consistent gravity model for interregional migration flows in the presence of … equation for bilateral mobility that embodies a co-determined local unemployment term. As a theory of migration, our model …
Persistent link: https://www.econbiz.de/10014240357
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor market volatility and Okun's elasticity over the...
Persistent link: https://www.econbiz.de/10013099747
A large literature has studied how peers affect behavior by exploiting the preexisting social network structure only … unique panel dataset that contains detailed information on the network of informal financial transactions before and after a … structure of the network of informal financial transactions among households. Second, we estimate a panel model of peer effects …
Persistent link: https://www.econbiz.de/10013043671
When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those … that can arise and the number of matches on a given network. Equilibria that exhibit wage dispersion are inefficient in …
Persistent link: https://www.econbiz.de/10013121924
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
Persistent link: https://www.econbiz.de/10013055226
We explore the relationship between collaborations in writing papers and the academic productivity of economists and, particularly, we describe the magnitude and intensity of co-authorship among economists. To that end, we employ interaction maps from Complex Systems methods to study the global...
Persistent link: https://www.econbiz.de/10012987686