social capital can improve industrial growth via different mechanisms. in this study, taking the improvement of technology through social capital as one of the mechanisms, we have analyzed the effect of social capital on industrial growth theoretically and empirically. according to the findings of the article, derived from our cointegration model, and iranian economic data (1966-2006), social c...

Using data from a field experiment conducted in seventy Colombian municipalities, we investigate who pools risk with whom when risk pooling arrangements are not formally enforced. We explore the roles played by risk attitudes and network connections both theoretically and empirically. We find that pairs of participants who share a bond of friendship or kinship are more likely to (1) join the sa...

Given a collection of individual ordinal probabilities on a …nite state space, we discuss an ordinal condition that is necessary and su¢ cient for an ordinal probability to be represented as a weighted average of probability representations of the individual probabilities. We also give necessary and su¢ cient conditions for when such an ordinal probability can be represented as an unweighted av...

I develop a solution concept, equilibrium coalitional behavior (ECB), which captures foresight and imposes the requirement that each coalition in a sequence of coalitional moves chooses optimally among all its available options. The model does not require, but may use, the apparatus of a dynamic process or a protocol that specifies the negotiation procedure underlying coalition formation. There...