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Networks of relations and Word-of-Mouth Communication

Authors:	Steffen Lippert Giancarlo Spagnolo

Affiliation:	^a Massey University, School of Economics and Finance (Albany), PB 102 904, North Shore Mail Centre, Auckland 0745, New Zealand;^b New Zealand Social Innovation and Entrepreneurship Research Centre, New Zealand;^c Centre for Mathematical Social Sciences, University of Auckland, New Zealand;^d University of Rome “Tor Vergata”, Department of Economics and Institutions, Via Columbia 2, 00133 Rome, Italy;^e SITE – Stockholm School of Economics, Sveavägen 65, Box 6501, 11383 Stockholm, Sweden;^f Einaudi Institute of Economics and Finance (EIEF), Rome, Italy

Abstract:

Keywords:	Collusion Communication Community enforcement Contagion Cooperation Multimarket contact Private monitoring Relational contracts Repeated games Reputation Rumors Social capital Social collateral Social networks Soft information Trust
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