The Economics of Small Worlds

Matthew Jackson and Brian Rogers

Journal of the European Economic Association, 2005, vol. 3, issue 2-3, 617-627

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. (JEL: D85, A14, C72) Copyright (c) 2005 The European Economic Association.

Date: 2005
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Working Paper: The economics of small worlds (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:tpr:jeurec:v:3:y:2005:i:2-3:p:617-627

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