Networks in the Understanding of Economic Behaviors
23 Pages Posted: 6 Mar 2014 Last revised: 2 Mar 2016
Date Written: 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.
Keywords: Social networks, homophily, diffusion, centrality measures, social learning, network models, identification, network formation
JEL Classification: D85, C72, L14, Z13
Suggested Citation: Suggested Citation