The Economic Consequences of Social-Network Structure
Matthew O. Jackson
Brian W. Rogers
Journal of Economic Literature
no. 1, March 2017
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.
Jackson, Matthew O., Brian W. Rogers, and Yves Zenou.
"The Economic Consequences of Social-Network Structure."
Journal of Economic Literature,
Consumer Economics: Empirical Analysis
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Network Formation and Analysis: Theory
Illegal Behavior and the Enforcement of Law
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification