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On Networks and Markets by Rauch and Casella, eds

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  • Ezra W. Zuckerman
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    Abstract

    This essay reviews Networks and Markets, edited by James E. Rauch and Alessandra Casella. This book provides a useful vehicle for clarifying the main conceptual and operational issues facing the growing study of economic networks. Three types of networks are discussed: networks as concentrated or patterned exchange; as primordial relations; and, the most general, networks as structures of mutual orientation. An overview is provided of the challenges faced by research on the economic implications of three types of networks. The strengths and weaknesses of current research on economic networks are examined via a review of the contributions in the book.

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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/002205103765762761
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    Bibliographic Info

    Article provided by American Economic Association in its journal Journal of Economic Literature.

    Volume (Year): 41 (2003)
    Issue (Month): 2 (June)
    Pages: 545-565

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    Handle: RePEc:aea:jeclit:v:41:y:2003:i:2:p:545-565

    Note: DOI: 10.1257/002205103765762761
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    1. L·szlÛ PÛlos & Michael T. Hannan, 2002. "Foundations of a theory of social forms," Industrial and Corporate Change, Oxford University Press, vol. 11(1), pages 85-115, February.
    2. Gode, Dhananjay K & Sunder, Shyam, 1993. "Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality," Journal of Political Economy, University of Chicago Press, vol. 101(1), pages 119-37, February.
    3. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
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    Cited by:
    1. Robert Gibbons, 2005. "What is Economic Sociology and Should any Economists Care?," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 3-7, Winter.
    2. Cassar, Alessandra, 2007. "Coordination and cooperation in local, random and small world networks: Experimental evidence," Games and Economic Behavior, Elsevier, vol. 58(2), pages 209-230, February.
    3. Bettencourt, Luis M.A. & Lobo, Jose & Strumsky, Deborah, 2007. "Invention in the city: Increasing returns to patenting as a scaling function of metropolitan size," Research Policy, Elsevier, vol. 36(1), pages 107-120, February.

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