This work studies a strategic game with incomplete information in which a finite number of players simultaneously choose actions and form either unilaterally or bilaterally relationships. The players' payoffs are supermodular in actions but do exhibit neither negative nor positive spillovers;...

Network literature has widely documented that the managerial ties between upper echelons in two firms can promote their economic exchanges and vice versa, thus fostering the pluralistic relationships between the two firms. In this study, we strive to advance this line of inquiry by exploring the...

We investigate how adolescents’ social status in their peers’ eyes shapes the way they view their social climate in secondary schools. Utilizing novel data on over 10,000 students, we construct comprehensive measures of social status and perceived social climate for each student, including a...

If individuals tend to behave like their peers, is it because of conformity, that is, the preference ofpeople to align behavior with the behavior of their peers; homophily, that is, the tendency ofpeople to bond with similar others; or both? We address this question in the context of an...

If individuals tend to behave like their peers, is it because of conformity, that is, the preference of people to align behavior with the behavior of their peers; homophily, that is, the tendency of people to bond with similar others; or both? We address this question in the context of an...

If individuals tend to behave like their peers, is it because of conformity, that is, the preference of people to align behavior with the behavior of their peers; homophily, that is, the tendency of people to bond with similar others; or both? We address this question in the context of an...

Two types of intervention are commonly implemented in networks: characteristic intervention which influences individuals' intrinsic incentives, and structural intervention which targets at the social links among individuals. In this paper we provide a general framework to evaluate the distinct...

The frictions that restrict migration are among the largest sources of inefficiency in the global economy. The first step in designing policies to address these frictions is to understand the fundamental forces that drive migration. However, the Roy model—the workhorse model of migration in...