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Networks in the Understanding of Economic Behaviors

23 Pages Posted: 6 Mar 2014 Last revised: 2 Mar 2016

Matthew O. Jackson

Stanford University - Department of Economics; Santa Fe Institute; Canadian Institute for Advanced Research (CIFAR)

Date Written: March 4, 2014

Abstract

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.

Keywords: Social networks, homophily, diffusion, centrality measures, social learning, network models, identification, network formation

JEL Classification: D85, C72, L14, Z13

Suggested Citation

Jackson, Matthew O., Networks in the Understanding of Economic Behaviors (March 4, 2014). Available at SSRN: https://ssrn.com/abstract=2404632 or http://dx.doi.org/10.2139/ssrn.2404632

Matthew O. Jackson (Contact Author)

Stanford University - Department of Economics ( email )

Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
1-650-723-3544 (Phone)

HOME PAGE: http://www.stanford.edu/~jacksonm

Santa Fe Institute

1399 Hyde Park Road
Santa Fe, NM 87501
United States

Canadian Institute for Advanced Research (CIFAR) ( email )

180 Dundas Street West, Suite 1400
Toronto, Ontario
Canada

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