modern growth theory argues that intellectual spillovers—idea flows among individuals that are not mediated by the market—are a linchpin of economic progress. In Paul Romer’s seminal work, endogenous economic growth requires increasing returns.1 Without nonmarket intellectual spillovers or some form of externality, increasing returns and economic competition cannot coexist. In Romer’s now canon...

Drawing upon the social capital theory (SCT), this study integrates social capital factors with the perspectives of consumer hedonic participation and platform capability of online group buying sites to explore how they affect consumer value creation toward online group buying (OGB). Data from 663 valid responses were obtained using an online large-scale survey. The conceptual framework was val...

The effects and outcomes of organizational citizenship behavior in recent years have increasingly received attention by researchers and scholars of organization and management field. One of them can be named as creation and enhancement of social capital. Yet, a comprehensive research has not been done about it in public organizations of Islamic Republic of Iran. The researcher tries to offer a...

China has experienced rapid urbanization over the past several decades. Social capital is considered a vital human resource, and quality of life (QoL) is an important measure of human health embedded in a physical, mental, and social context. No studies have reported on the association between social capital and QoL in Chinese urban residents. We performed a cross-sectional study to investigate...

An increasing number of people have become users of social media, mostly looking for social contacts and networking. But what kind of social capital do social networking services (SNSs) provide? University students' (N = 90) experiences of and opinions on social media were studied through a semi-structured questionnaire. The following research questions were set for this study: (1) What kinds o...

Since the 1980s, the United States has witnessed increasing wealth concentration in the hands of the ultra-rich. Measured at the state level, the top 10 percent of income earners amassed roughly 43% of total income, and economic growth only enhanced this inequality between the ultra-rich and the rest of citizens. This paper examines whether social capital plays a positive role in mitigating inc...

This note gives a simple proof of the existence and monotonicity of optimal debt contracts in simple models of borrowing and lending with ex−post asymmetric information, risk−averse agents and heterogeneous beliefs. Our argument is based on the concept of nondecreasing rearrangement and on a supermodular version of Hardy−Littlewood inequality. Citation: Renou, Ludovic and Guillaume Carlier, (20...