Work

The Economic Consequences of Social-Network Structure

Year: 2017

Type: article

Abstract: We survey the literature on the economic consequences of the structure of social networks. We develop a taxonomy of “macro” and “micro” characteristics of social-interaction networks and discuss both the theoretical and empirical findings concerning the role of those characteristics in determining learning, diffusion, decisions, and resulting behaviors. We also discuss the challenges of accounting for the endogeneity of networks in assessing the relationship between the patterns of interactions and behaviors. (JEL D12, D83, D85, K42, Z13)

Source: Journal of Economic Literature

DOI: 10.1257/jel.20150694

Authors: Matthew O. Jackson, Brian W. Rogers, Yves Zenou

Institutions: Santa Fe Institute, Stanford University, Washington University in St. Louis, Monash University

Language: English

Topic: Complex Network Analysis Techniques

Subfield: Statistical and Nonlinear Physics

Field: Physics and Astronomy

Domain: Physical Sciences

Open Access status: green

Funder: Agence Nationale de la Recherche

Award: Social Mobility, Social Exclusion and Social Networks