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. doi:10.1162/jeea.2005.3.2-3.617. https://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. | ||||||
Issue or Number: | 2-3 | ||||||
DOI: | 10.1162/jeea.2005.3.2-3.617 | ||||||
Record Number: | CaltechAUTHORS:JACjeea05 | ||||||
Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:JACjeea05 | ||||||
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: | 08 Nov 2021 20:14 |
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