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many activities, individuals do not behave according to the LIM model. We run some counterfactual policies and show that …
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heterogeneous and in process of change. Under those conditions certain government policies can easily have unexpected adverse …
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This paper studies how the strength of social ties are affected by the geographical location of other individuals and their social capital. We characterize the equilibrium in terms of both social interactions and social capital. We show that lower travel costs increase not only the interaction...
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