Published June 2013
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A Network Approach to Public Goods
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Abstract
An economy can be thought of as a network in which the nodes are agents and links among them represent heterogeneous opportunities for exchange or cooperation. This paper argues that studying properties of such a network – how dense it is, how "central" various agents are in it – yields insights about issues such as the efficiency and fragility of an economic system, as well as its market outcomes.
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Copyright is held by the author/owner(s). The constant guidance of Nageeb Ali, Abhijit Banerjee, Matthew O. Jackson, Andy Skrzypacz, and Bob Wilson has been essential.We are indebted to Gabriel Carroll, Arun Chandrasekhar, Sylvain Chassang, Jessica Hui, Anil Jain, Juuso Toikka, Xiao YuWang, and Ariel Zucker for detailed readings and comments. For helpful suggestions we thank Kyle Bagwell, Federico Echenique, Glenn Ellison, Alex Frankel, Andrea Galeotti, Hari Govindan, Sanjeev Goyal, Scott Kominers, David Kreps, John Ledyard, Jacob Leshno, Jon Levin, Mihai Manea, Vikram Manjunath, Stephen Morris, Roger Myerson, Muriel Niederle, Michael Ostrovsky, Michael Powell, Phil Reny, John Roberts, Larry Samuelson, Ilya Segal, Joe Shapiro, Hugo Sonnenschein, Balazs Szentes, Moshe Tennenholtz, Harald Uhlig, Leeat Yariv, Muhamet Yildiz, Glen Weyl, and Alex Wolitzky.Attached Files
Submitted - EC13.pdf
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- 41754
- Resolver ID
- CaltechAUTHORS:20131008-153813901
Related works
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- http://www.its.caltech.edu/~melliott/papers/EC13.pdf (URL)
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2013-10-08Created from EPrint's datestamp field
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2021-11-10Created from EPrint's last_modified field