Networks: An Economic Perspective
Physics and Society
2016-08-30 v1 Social and Information Networks
General Finance
Abstract
We discuss social network analysis from the perspective of economics. We organize the presentaion around the theme of externalities: the effects that one's behavior has on others' well-being. Externalities underlie the interdependencies that make networks interesting. We discuss network formation, as well as interactions between peoples' behaviors within a given network, and the implications in a variety of settings. Finally, we highlight some empirical challenges inherent in the statistical analysis of network-based data.
Cite
@article{arxiv.1608.07901,
title = {Networks: An Economic Perspective},
author = {Matthew O. Jackson and Brian W. Rogers and Yves Zenou},
journal= {arXiv preprint arXiv:1608.07901},
year = {2016}
}