The Economic Consequences of Social-Network Structure

Matthew O. Jackson; Brian W. Rogers; Yves Zenou

doi:10.1257/jel.20150694

The Economic Consequences of Social-Network Structure

Matthew O. Jackson¹; Brian W. Rogers²; Yves Zenou³

¹ Department of Economics, Stanford University, the Santa Fe Institute, and CIFAR. · ² Department of Economics, Washington University in St. Louis · ³ Department of Economics, Monash University, and IFN.

Journal of Economic Literature 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. (JEL D12, D83, D85, K42, Z13)

DOI: 10.1257/jel.20150694
Volume: 55 (1)
Pages: 49-95
Language: en
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