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Author : Bryan Shiloh Graham
Publisher :
ISBN 13 :
Total Pages : 229 pages
Book Rating : 4.:/5 (255 download)
Download or read book Essays on the Econometrics of Social Interactions written by Bryan Shiloh Graham and published by . This book was released on 2005 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrzej Grodner
Publisher :
ISBN 13 :
Total Pages : 201 pages
Book Rating : 4.:/5 (255 download)
Download or read book Three Essays on the Theory and Econometrics of Social Interactions in the Labor Market written by Andrzej Grodner and published by . This book was released on 2004 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bryce Adam Ward
Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (228 download)
Download or read book Essays on the Economics of Social Interaction written by Bryce Adam Ward and published by . This book was released on 2006 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Julie Pinole
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (11 download)
Download or read book Essays on the Economics of Social Interactions written by Julie Pinole and published by . This book was released on 2019 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three self-contained essays on the economics of social interactions. The first chapter is coauthored with Lorenzo Verstraeten. Knowing that Individuals interact with their peers, we study how a social planner can intervene, changing these interactions, in order to achieve a particular objective. When the objective is welfare maximization, we describe the interventions for games of strategic complements and strategic substitutes. We show that, for strategic complements, the planner uses resources to target central players; while she divides individuals into separated communities in the case of strategic substitutes. We study which connections she targets in order to achieve these goals. The second chapter is coauthored with Lorenzo Verstraeten and analyzes a model of contagion on social network. We ask how a social planner should intervene to prevent contagion. We characterize the optimal intervention and the cost associated. We discuss the intuition behind the choice of the planner and we provide comparative static on the cost of intervention for different type of network. In the third chapter I develop a theoretical study about groups relationship and ask whether intragroup cooperation crowd-out intergroup cooperation. I consider a gift-giving game where cooperation endogenously arises, within and across groups. Cooperation is sustained through peer punishment with the help of a group specific monitoring technology. I specify under which conditions cooperation crowding-out occur. I identify two classes of equilibrium: a Sorting equilibrium where guilty players prefer to be matched outside their group due to a less efficient Out-Group monitoring technology, and a Non Sorting equilibrium where the higher level of In-Group cooperation makes it more attractive for everybody. I then compare their welfare properties and draw conclusions on optimal punishment levels.
Author : Giulio Zanella
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (18 download)
Download or read book Essays in Social Interactions Economics written by Giulio Zanella and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Reinhard Selten
Publisher : Springer Science & Business Media
ISBN 13 : 3662096641
Total Pages : 427 pages
Book Rating : 4.6/5 (62 download)
Download or read book Rational Interaction written by Reinhard Selten and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unifying theme of the 23 contributions to this book is the social interaction of rational individuals. The work of John C. Harsanyi on game theory, social choice, and the philosophy of science finds an echo in these essays. Contributions by well known game theorists and economists present a great variety of stimulating theoretical investigations. Part I contains six papers on non-cooperative game theory written by Maschler, Owen, Myerson, Peleg, Rosenmüller, Hart and Mas-Collel. Part II with three contributions by Kalei, Samet, van Damme, d'Aspremont, and Gérard-Varet is devoted to the use of non-cooperative game theory in the analysis of problems of mechanism design. Basic questions of non-cooperative game theory are discussed in three essays by Güth, Hardin, and Sugden in Part III. Applied game models are discussed in three papers by Friedman, Selten, and Shubik in Part IV. Problems of social choice are investigated in Part V which deals with utilitarianism and related topics in five contributions by Hammond, Binmore, Arrow, Roemer, and Broome. Finally, Part VI contains three papers: an interdisciplinary comparison of physics and economics by Samuelson, a methodological essay by Brock, and an appraisal of the work of John C. Harsanyi.
Author : Peter Nilsson
Publisher :
ISBN 13 : 9789185519279
Total Pages : 180 pages
Book Rating : 4.5/5 (192 download)
Download or read book Essays on Social Interactions and the Long-term Effects of Early-life Conditions written by Peter Nilsson and published by . This book was released on 2009 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Wulf Albers
Publisher : Springer Science & Business Media
ISBN 13 : 3642604951
Total Pages : 526 pages
Book Rating : 4.6/5 (426 download)
Download or read book Understanding Strategic Interaction written by Wulf Albers and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic interaction occurs whenever it depends on others what one finally obtains: on markets, in firms, in politics etc. Game theorists analyse such interaction normatively, using numerous different methods. The rationalistic approach assumes perfect rationality whereas behavioral theories take into account cognitive limitations of human decision makers. In the animal kingdom one usually refers to evolutionary forces when explaining social interaction. The volume contains innovative contributions, surveys of previous work and two interviews which shed new light on these important topics of the research agenda. The contributions come from highly regarded researchers from all over the world who like to express in this way their intellectual inspiration by the Nobel-laureate Reinhard Selten.
Author : Nathalia Perez Rojas
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (187 download)
Download or read book Essays on the Impact of Social Interactions on Economic Outcomes written by Nathalia Perez Rojas and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mauro Gallegati
Publisher : Springer Science & Business Media
ISBN 13 : 3642170455
Total Pages : 404 pages
Book Rating : 4.6/5 (421 download)
Download or read book The Complex Dynamics of Economic Interaction written by Mauro Gallegati and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.
Author : J.C. Harsanyi
Publisher : Springer Science & Business Media
ISBN 13 : 940109327X
Total Pages : 268 pages
Book Rating : 4.4/5 (1 download)
Download or read book Essays on Ethics, Social Behaviour, and Scientific Explanation written by J.C. Harsanyi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: When John Harsanyi came to Stanford University as a candidate for the Ph.D., I asked him why he was bothering, since it was most un likely that he had anything to learn from us. He was already a known scho lar; in addition to some papers in economics, the first two papers in this vol ume had already been published and had dazzled me by their originality and their combination of philosophical insight and technical competence. However, I am very glad I did not discourage him; whether he learned any thing worthwhile I don't know, but we all learned much from him on the foundations of the theory of games and specifically on the outcome of bar gaining. The central focus of Harsanyi's work has continued to be in the theory of games, but especially on the foundations and conceptual problems. The theory of games, properly understood, is a very broad approach to social interaction based on individually rational behavior, and it connects closely with fundamental methodological and substantive issues in social science and in ethics. An indication of the range of Harsanyi's interest in game the ory can be found in the first paper of Part B -though in fact his owncontri butions are much broader-and in the second paper the applications to the methodology of social science. The remaining papers in that section show more specifically the richness of game theory in specific applications.
Author : Wenyu Zhou
Publisher :
ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.:/5 (122 download)
Download or read book Essays on Econometrics written by Wenyu Zhou and published by . This book was released on 2020 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of four main chapters that study network social interaction models and panel models with grouped heterogeneity. Chapter 1 and Chapter 2 are representative work finished during my early exploration of economics. Chapter 3 and Chapter 4 are completed during the last two years of my Ph.D. studies. Chapter 1 studies a network social interaction model with heterogeneous links. I show that the endogenous and exogenous social interaction effects as well as the strength of network links are identified under some mild conditions. I adopt the nonlinear least squares method to estimate the unknown parameters using data of a single network. I also investigate the finite sample performance of the estimation method through Monte Carlo simulations and apply the model to analyze an online social network. Chapter 2 studies social interactions model with both in-group and out-group effects. The in-group effect follows the standard setup in the literature, while the out-group effect is introduced by assuming the economic outcome also depends on its out-group average value. I present a network game with limited information of outside groups that rationalizes the econometric model. I show that both effects are identified under a set of mild regularity conditions. I propose to estimate the model using the two-stage least squares (2SLS) method and establish the asymptotic normality of the estimators. The finite sample performance of the estimators are investigated through Monte Carlo simulations. Chapter 3 studies a semiparametric panel quantile regression model with grouped heterogeneity. The model can capture both time-variant and time-invariant effects of explanatory variables when group-specific heterogeneity directly affects the coefficients. A series-based estimation method is developed to estimate the parameters of interest and the group memberships. I investigate the asymptotic properties of the estimators and propose an information criterion to estimate the number of groups. The finite sample performance of the estimation method and the information criterion are investigated through Monte Carlo simulations. I apply the model to study the effect of foreign direct investment (FDI) on economic growth. My empirical findings show that FDI has large and significant heterogeneous effects on economic growth, especially for low-income countries, and such effect diminishes as the GDP per capita increases. None of these findings have been documented in previous literature. In Chapter 4 (joint with Hualei Shang), we study a nonparametric additive panel regression model with grouped heterogeneity. The model is a valuable extension to the heterogeneous panel model studied in Su et al. (2016). We propose to estimate the nonparametric components using a sieve-approximation-based C-Lasso method. We establish the asymptotic properties of the estimator and show that they enjoy the so-called oracle property. Besides, we present the decision rule for group classification and establish its consistency. A BIC-type information criterion is developed to determine the group pattern of each nonparametric component. We investigate the finite sample performance of the estimation method and the information criterion through Monte Carlo simulations. Results show that both work very well. Finally, we apply the model to study the demand for cigarettes in the United States using panel data of 46 states from 1963 to 1992.
Author : Akira Namatame
Publisher : Springer Science & Business Media
ISBN 13 : 3540287272
Total Pages : 345 pages
Book Rating : 4.5/5 (42 download)
Download or read book The Complex Networks of Economic Interactions written by Akira Namatame and published by Springer Science & Business Media. This book was released on 2006-03-09 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the mechanism of a socio-economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how individuals interact with each other, and how the agg- gated outcome can be more than the sum of individual behaviors. This book contains the papers fostering the formation of an active multi-disciplinary community on socio-economic systems with the exciting new ?elds of age- based modeling and econophysics. We especially intend to increase the awareness of researchers in many ?elds with sharing the common view many economic and social activities as collectives of a large-scale heterogeneous and interacting agents. Economists seek to understand not only how individuals behave but also how the interaction of many individuals leads to complex outcomes. Age- based modeling is a method for studying socio-economic systems exhibiting the following two properties: (1) the system is composed of interacting agents, and (2) the system exhibits emergent properties, that is, properties arising from the interactions of the agents that cannot be deduced simply by agg- gating the properties of the system’s components. When the interaction of the agents is contingent on past experience, and especially when the agents continually adapt to that experience, mathematical analysis is typically very limited in its ability to derive the outcome.
Author : Alexander Fischer
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Ranks, Peers & Networks written by Alexander Fischer and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeffrey Johnson
Publisher : Springer
ISBN 13 : 3319424246
Total Pages : 236 pages
Book Rating : 4.3/5 (194 download)
Download or read book Non-Equilibrium Social Science and Policy written by Jeffrey Johnson and published by Springer. This book was released on 2017-01-20 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant traditional approach increasingly struggles to capture the economic realities we observe in the world today - with vested interests getting too often in the way of real advances. Insights into behavioral economics and modern computing techniques have made possible both the integration of larger information sets and the exploration of disequilibrium behavior. The domain-based chapters of this work illustrate how economic theory is the only branch of social sciences which still holds to its old paradigm of an equilibrium science - an assumption that has already been relaxed in all related fields of research in the light of recent advances in complex and dynamical systems theory and related data mining. The other chapters give various takes on policy and decision making in this context. Written in nontechnical style throughout, with a mix of tutorial and essay-like contributions, this book will benefit all researchers, scientists, professionals and practitioners interested in learning about the 'thinking in complexity' to understand how socio-economic systems really work.
Author : Steven N. Durlauf
Publisher : MIT Press
ISBN 13 : 9780262541763
Total Pages : 260 pages
Book Rating : 4.5/5 (417 download)
Download or read book Social Dynamics written by Steven N. Durlauf and published by MIT Press. This book was released on 2001 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays presents a variety of approaches to understanding the dynamics of human interaction.
Author : M. White
Publisher : Springer
ISBN 13 : 1137443766
Total Pages : 222 pages
Book Rating : 4.1/5 (374 download)
Download or read book Law and Social Economics written by M. White and published by Springer. This book was released on 2015-03-04 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is the first collection of essays exploring the intersection of social economics and the law, providing alternatives to neoclassical law-and-economics and applying them to real-world issues. Law is a social enterprise concerned with values such as justice, dignity, and equality, as well as efficiency - which is the same way that social economists conceive of the economy itself. Social economists and legal scholars alike need to acknowledge the interrelationship between the economy and the law in a broader ethical context than enabled by mainstream law-and-economics. The ten chapters in Law and Social Economics, written by an international assortment of scholars from economics, philosophy, and law, employ a wide variety of approaches and methods to show how a more ethically nuanced approach to economics and the law can illuminate both fields and open up new avenues for studying social-economic behavior, policy, and outcomes in all their ethical and legal complexity.
