The Economic Consequences of Social-Network Structure
Journal of Economic Literature
vol. 55,
no. 1, March 2017
(pp. 49-95)
Abstract
We survey the literature on the economic consequences of the structure of social networks. We develop a taxonomy of "macro" and "micro" characteristics of social-interaction networks and discuss both the theoretical and empirical findings concerning the role of those characteristics in determining learning, diffusion, decisions, and resulting behaviors. We also discuss the challenges of accounting for the endogeneity of networks in assessing the relationship between the patterns of interactions and behaviors.Citation
Jackson, Matthew O., Brian W. Rogers, and Yves Zenou. 2017. "The Economic Consequences of Social-Network Structure." Journal of Economic Literature, 55 (1): 49-95. DOI: 10.1257/jel.20150694Additional Materials
JEL Classification
- D12 Consumer Economics: Empirical Analysis
- D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D85 Network Formation and Analysis: Theory
- K42 Illegal Behavior and the Enforcement of Law
- Z13 Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification