The economic consequences of social-network structure
The economic consequences of social-network structure
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.
49-95
Jackson, Matthew O.
a7d045ee-bd4b-4c67-a16d-8a583a4f6f2e
Rogers, Brian W.
850f8f72-789a-40b9-bc74-1ca1835357b0
Zenou, Yves
38bf0c72-462b-4c08-8fd1-ce365b0296dc
March 2017
Jackson, Matthew O.
a7d045ee-bd4b-4c67-a16d-8a583a4f6f2e
Rogers, Brian W.
850f8f72-789a-40b9-bc74-1ca1835357b0
Zenou, Yves
38bf0c72-462b-4c08-8fd1-ce365b0296dc
Jackson, Matthew O., Rogers, Brian W. and Zenou, Yves
(2017)
The economic consequences of social-network structure.
Journal of Economic Literature, 55 (1), .
(doi:10.1257/jel.20150694).
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.
Text
Paper_JEL_Feb_22_2016_YZ
- Accepted Manuscript
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Accepted/In Press date: 27 February 2016
Published date: March 2017
Organisations:
Economics
Identifiers
Local EPrints ID: 410790
URI: http://eprints.soton.ac.uk/id/eprint/410790
ISSN: 0022-0515
PURE UUID: 2ca2707d-e566-43fe-93ee-40452b361776
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Date deposited: 09 Jun 2017 09:39
Last modified: 16 Mar 2024 04:11
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Author:
Matthew O. Jackson
Author:
Brian W. Rogers
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