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The Economics of Small Worlds

Jackson, Matthew O. and Rogers, Brian W. (2005) The Economics of Small Worlds. Social Science Working Paper, 1214. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20190410-160823436

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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:Report or Paper (Working Paper)
ORCID:
AuthorORCID
Jackson, Matthew O.0000-0001-9846-4249
Group:Social Science Working Papers
Subject Keywords:Networks, Small Worlds, Clustering, Links, Diameter
Series Name:Social Science Working Paper
Issue or Number:1214
Classification Code:JEL: D85, A14, C72
Record Number:CaltechAUTHORS:20190410-160823436
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20190410-160823436
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:94648
Collection:CaltechAUTHORS
Deposited By: Katherine Johnson
Deposited On:10 Apr 2019 23:14
Last Modified:03 Oct 2019 21:05

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