Cornell University

Development Economics Workshop: Garance Genicot

Thursday, October 17, 2019 at 11:40am to 1:10pm

Stimson Hall, 206
204 East Ave., Ithaca, NY 14853, USA

Garance Genicot - Georgetown University

"Compromise and Tolerance in Social Networks"

Abstract:  In this paper, individuals are characterized by their identity – an ideal code of conduct – and by a level of tolerance for behaviors that differ from their own ideal. Individuals first choose their behavior, then form social networks. This paper studies the possibility of compromise, i.e. individuals choosing a behavior different from their ideal point, in order to be accepted by others, to “belong.” I first show that when tolerance levels are the same in society, compromise is impossible: individuals all choose their preferred behavior and form friendships only with others whose ideal point belong to their tolerance window. In contrast, I shown that heterogeneity in tolerance allows for compromise in equilibrium. Moreover, if identity and tolerance are independently distributed, any equilibrium involves
some compromise.

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Event Type

Class/ Workshop

Departments

Economics

Tags

economics, EconSeminar, EconDevelop

Contact E-Mail

uab1@cornell.edu

Contact Name

Ulrike Kroeller

Contact Phone

6072554254

Speaker

Garance Genicot

Speaker Affiliation

Georgetown University

Open To

Cornell Economics Community (List Serves Members)

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