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Networks in markets and the propensity of companies to collaborate: An empirical test of three mechanisms

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  • Lomi, Alessandro
  • Fonti, Fabio

Abstract

We propose and test hypotheses about three endogenous mechanisms that may be driving the observed network structure of producers’ markets. We use data that we have collected on collaborative network ties among producers. Estimates of Exponential Random Graphs Models (ERGM) support our hypotheses.

Suggested Citation

  • Lomi, Alessandro & Fonti, Fabio, 2012. "Networks in markets and the propensity of companies to collaborate: An empirical test of three mechanisms," Economics Letters, Elsevier, vol. 114(2), pages 216-220.
  • Handle: RePEc:eee:ecolet:v:114:y:2012:i:2:p:216-220 DOI: 10.1016/j.econlet.2011.10.004
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    References listed on IDEAS

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    1. Ernst Fehr & Urs Fischbacher, "undated". "Third Party Punishment and Social Norms," IEW - Working Papers 106, Institute for Empirical Research in Economics - University of Zurich.
    2. repec:cup:cbooks:9780511771576 is not listed on IDEAS
    3. Falk, Armin & Fischbacher, Urs, 2006. "A theory of reciprocity," Games and Economic Behavior, Elsevier, vol. 54(2), pages 293-315, February.
    4. Alan P. Kirman, 1992. "Whom or What Does the Representative Individual Represent?," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 117-136, Spring.
    5. Weisbuch, Gerard & Kirman, Alan & Herreiner, Dorothea, 2000. "Market Organisation and Trading Relationships," Economic Journal, Royal Economic Society, vol. 110(463), pages 411-436, April.
    6. Charles F. Manski, 2000. "Economic Analysis of Social Interactions," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 115-136, Summer.
    7. Hopp, Christian, 2008. "Are firms reluctant to engage in inter-organizational exchange relationships with competitors?," Economics Letters, Elsevier, vol. 100(3), pages 348-350, September.
    8. Stanley Wasserman & Philippa Pattison, 1996. "Logit models and logistic regressions for social networks: I. An introduction to Markov graphs andp," Psychometrika, Springer;The Psychometric Society, vol. 61(3), pages 401-425, September.
    9. Easley,David & Kleinberg,Jon, 2010. "Networks, Crowds, and Markets," Cambridge Books, Cambridge University Press, number 9780521195331, December.
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    Citations

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    Cited by:

    1. Johannes VAN DER POL, 2016. "The modelling of networks using Exponential Random Graph Models: an introduction," Cahiers du GREThA 2016-22, Groupe de Recherche en Economie Théorique et Appliquée.
    2. Johannes Van Der Pol, 2017. "Introduction to network modeling using Exponential Random Graph models (ERGM)," Working Papers hal-01284994, HAL.

    More about this item

    Keywords

    Producers’ markets; Exponential Random Graph Models; Interorganizational relations; Social networks; Social selection;

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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