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http://hdl.handle.net/10419/56205
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| Title: | | Networks of relations  |
| Authors: | | Lippert, Steffen Spagnolo, Giancarlo |
| Issue Date: | | 2004 |
| Series/Report no.: | | SSE/EFI Working Paper Series in Economics and Finance 570 |
| Abstract: | | We model networks of relational (or implicit)contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model, relations are the links, and the value of the network lies in its ability to enforce cooperative agreements that could not be sustained if agents had no access to other network members' sanctioning power and information. We identify conditions for network stability and in-network information transmission as well as conditions under which stable subnetworks inhibit more valuable larger networks. |
| Subjects: | | Networks Relational Contracts Peering Indirect Multimarket Contact Information transmission Social Capital |
| JEL: | | D23 D43 L13 L29 O17 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics
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