The Economics of Small Worlds
Matthew Jackson and
Game Theory and Information from University Library of Munich, Germany
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.
Keywords: networks; small worlds (search for similar items in EconPapers)
JEL-codes: A14 C72 (search for similar items in EconPapers)
Pages: 10 pages
New Economics Papers: this item is included in nep-gth and nep-net
Note: Type of Document - pdf; pages: 10
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Journal Article: The Economics of Small Worlds (2005)
Working Paper: The economics of small worlds (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:0503004
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