Social Network Dynamics: Individual-Level Mechanisms and Aggregate Outcomes

Katarzyna Growiec, Jakub Growiec and Bogumił Kamiński

No 2018-036, KAE Working Papers from Warsaw School of Economics, Collegium of Economic Analysis

Abstract: Based on a calibrated computational multi-agent model with an overlapping generations structure, we investigate society-level consequences of creation and destruction of social ties at the individual level. The steady state of the simulated social network exhibits realistic small-world topology. We also find that societies whose social networks are relatively frequently reconfigured, display relatively higher social trust, willingness to cooperate, and economic performance - at the cost of lower social utility. Similar outcomes are found for societies where social tie dissolution is relatively weakly linked to family closeness.

Keywords: social network structure; social network dynamics; social trust; willingness to cooperate; economic performance; computational multi-agent model. (search for similar items in EconPapers)
JEL-codes: C63 D85 J31 L14 Z13 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2018-05
New Economics Papers: this item is included in nep-cmp and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:sgh:kaewps:2018036

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