Room 346, Kantemirovskaya bldg.
December, 17th. Network research

15:30 - 16:30 // Research paper presentation

Title: Social norms in networks

Authors: Philip Ushchev (HSE University, Russia) and Yves Zenou (Monash University, Australia)

Abstract: How do the grades of my friends affect mine? How chances for an adolescent to get involved into crime vary with the badness of her neighbourhood? These are big questions, which is why economists are interested in peer effects on networks. Empirical work in this area mostly relies on the so-called local average model, in which each agent faces a tradeoff between following her intrinsic motivation and following her social norm, i.e., average action of her friends. Surprisingly, the theoretical properties of this model, some of which are both unexpected and interesting, have never been systematically studied. Our paper fills this gap. We show that individual outcomes may increase, decrease, or vary non-monotonically with the taste for conformity. Equilibria are usually inefficient and, to restore the first best, the planner needs to subsidize (tax) agents whose neighbours make efforts above (below) the social norms. Thus, giving more subsidies to more central agents is not necessarily efficient. We also discuss the policy implications of our model in terms of education and crime.

Paper:
https://authors.elsevier.com/c/1a2wJ50waLvPM

16:30 - 17:00 // Research idea presentation

Title: The impact of the faculty's professional networks structure on research productivity
Author: Lena Veretennik, department of management


News and more about BBS: https://t.me/BBSEMinar 
Event Calendar: shorturl.at/FNV79