We survey the literature on the economic consequences of the structure of social networks.
We develop a taxonomy of “macro” and “micro” characteristics of social-interaction networks …

This book explains why moral beliefs can and likely do play an important role in the
development and operation of market economies. It shows why the maximization of general …

This dissertation consists of three essays in the field of banking. Chapter 1 examines the
effects of interest rate deregulation on banks. Exploiting the passage of Gramm-Leach-Bliley …

Abstract Information about rival opportunities becomes less valuable as more individuals
learn about it. When policy interventions are perceived as rival, secrecy might lower …

We study the spread of rival information through social ties. A piece of information loses
value as more individuals learn it, but players derive a positive payoff from being first to …

Social learning is an important source of knowledge diffusion in low-income countries.
However, the highly localized character of many labor markets could inhibit social learning …