Networks in the Understanding of Economic Behaviors
Matthew O. Jackson
Stanford University - Department of Economics; Santa Fe Institute; Canadian Institute for Advanced Research (CIFAR)
March 4, 2014
In this paper I discuss what we have learned about how the structure of social networks impacts economic behaviors, and why it is important to include network information in many economic studies. I also discuss some issues of estimating models of network formation, and some of the challenges of accounting for endogenous networks in analyzing interactions.
Number of Pages in PDF File: 23
Keywords: Social networks, homophily, diffusion, centrality measures, social learning, network models, identification, network formation
JEL Classification: D85, C72, L14, Z13
Date posted: March 6, 2014 ; Last revised: September 19, 2014
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