The Old-Boy Network and the Young-Gun Effect

Posted: 2 Feb 2001

See all articles by Curtis R. Taylor

Curtis R. Taylor

Duke University - Department of Economics


A model of an exclusive group or class whose membership is governed by personal contact and interaction is studied. Members of this old-boy network attempt to shield themselves from transacting with opportunistic or incompetent individuals by dealing only infrequently with unproven nonmembers. This injures the unproven but qualified agents not in the network. Moreover, because recruitment of a new member creates a public good for network members, too little recruiting is performed in equilibrium.

Suggested Citation

Taylor, Curtis R., The Old-Boy Network and the Young-Gun Effect. International Economic Review, Vol. 41, Iss. 4, November 2000. Available at SSRN:

Curtis R. Taylor (Contact Author)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States
919-660-1827 (Phone)
919-684-8974 (Fax)

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