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Competing Diffusions in a Social Network

By Arthur Campbell, C. Matthew Leister, Philip Ushchev, and Yves Zenou

American Economic Journal: Microeconomics

We develop a model of competing diffusions of goods on a social network. There are two types of goods and individuals: mass-market and niche-market. We find that there is a unique stable steady state and show that the adoption of a massmarket good is g...

EconHarmony

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EconHarmony allows prospective individual paper submitters who are members of the AEA to post information about their paper and search for other paper authors who might join them to form a complete session.

Leaning Against the Global Financial Cycle

By Andrea Ferrero, Maurizio Michael Habib, Livio Stracca, and Fabrizio Venditti

American Economic Journal: Macroeconomics

We investigate the impact of institutional quality on shielding emerging economies from the Global Financial Cycle. Our findings indicate that countries with a higher rule of law, characterized by superior contract enforcement and more robust protectio...