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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

Optimal Information Transmission in Organizations: Search and Congestion

Cabrales, Antonio; Arenas, Àlex; Díaz-Guilera, Albert; … - Fondazione ENI Enrico Mattei (FEEM) - 2004

optimal. Keywords: Networks, information transmission, search, organization design. …

Persistent link: https://www.econbiz.de/10004990060

Bounded Rationality and Voting Decisions Exploring a 160-Year Period

Stadelmann, David; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2012

a higher level of complexity leads to increased reliance on expert knowledge. We find that when more referenda are held … one referendum was held. We also show that when constituents face a higher level of complexity, they listen to parliament …

Persistent link: https://www.econbiz.de/10010904923

Naïve Learning in Social Networks: Convergence, Influence and Wisdom of Crowds

Jackson, Matthew O.; Golub, Benjamin - Fondazione ENI Enrico Mattei (FEEM) - 2007

We study learning and influence in a setting where agents communicate according to an arbitrary social network and naïvely update their beliefs by repeatedly taking weighted averages of their neighbors’ opinions. A focus is on conditions under which beliefs of all agents in large societies...

Persistent link: https://www.econbiz.de/10005423267

Pollution Control: When, and How, to be Precautious

Athanassoglou, Stergios; Xepapadeas, Anastasios - Fondazione ENI Enrico Mattei (FEEM) - 2011

The precautionary principle (PP) applied to environmental policy stipulates that, in the presence of physical uncertainty, society must take robust preventive action to guard against worst-case outcomes. It follows that the higher the degree of uncertainty, the more aggressive this preventive...

Persistent link: https://www.econbiz.de/10009002697

Climate Change and Individual Decision Making: An Examination of Knowledge, Risk Perception, Self-interest and Their Interplay

Pongiglione, Francesca - Fondazione ENI Enrico Mattei (FEEM) - 2011

In this essay, three separate yet interconnected components of pro-environmental decision making are considered: (a) knowledge, in the form of basic scientific understanding and procedural knowledge, (b) risk perception, as it relates to an individual’s direct experience of climate change and...

Persistent link: https://www.econbiz.de/10009320999

Harmful Signaling in Matching Markets

Kushnir, Alexey - Fondazione ENI Enrico Mattei (FEEM) - 2010

Some labor markets have recently developed formal signalling mechanisms, e.g. the signalling for interviews in the job market for new Ph.D. economists. We evaluate the effect of such mechanisms on two-sided matching markets by considering a game of incomplete information between firms and...

Persistent link: https://www.econbiz.de/10008674340

How to Win Twice at an Auction. On the Incidence of Commissions in Auction Markets

Ginsburgh, Victor; Legros, Patrick; Sahuguet, Nicolas - Fondazione ENI Enrico Mattei (FEEM) - 2004

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction. Commissions are similar to taxes imposed on buyers and sellers and the economic problem that results looks similar to the question of tax incidence in consumer economics. We argue,...

Persistent link: https://www.econbiz.de/10005570265

Applications and Interviews. A Structural Analysis of Two-Sided Simultaneous Search

Wolthoff, Ronald P. - Fondazione ENI Enrico Mattei (FEEM) - 2011

Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that … search model with an endogenous number of contacts. Workers contact firms by applying to vacancies, whereas firms contact … equilibrium welfare is improved if unemployed workers increase their search intensity. …

Persistent link: https://www.econbiz.de/10009421238

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