Jackson, Matthew O. and Rogers, Brian W. (2005) The Economics of Small Worlds. Journal of the European Economic Association, 3 (2-3). pp. 617-627. ISSN 1542-4766 http://resolver.caltech.edu/CaltechAUTHORS:JACjeea05
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Abstract
We examine a simple economic model of network formation where agents benefit from indirect relationships. We show that small-world features—short path lengths between nodes together with highly clustered link structures—necessarily emerge for a wide set of parameters.
| Item Type: | Article |
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| Additional Information: | © 2005 European Economic Association Posted Online March 13, 2006. Financial support under NSF Grant no. SES-0316493 is gratefully acknowledged, as is support from the Lee Center for Advanced Networking and a SISL/IST fellowship. We thank Fernando Vega-Redondo for the opportunity to present in this session and, along with Matthias Dahm and an anonymous referee, for comments on an earlier version of this paper. |
| Record Number: | CaltechAUTHORS:JACjeea05 |
| Persistent URL: | http://resolver.caltech.edu/CaltechAUTHORS:JACjeea05 |
| Alternative URL: | http://dx.doi.org/10.1162/jeea.2005.3.2-3.617 |
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. |
| ID Code: | 4103 |
| Collection: | CaltechAUTHORS |
| Deposited By: | Archive Administrator |
| Deposited On: | 27 Jul 2006 |
| Last Modified: | 26 Dec 2012 08:57 |
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