Networks in Economics
AbstractWe provide an overview on networks in economics. We first look at the theoretical aspects of network economics using a game-theoretical approach. We derive some results on games on networks and network formation. We also study what happens when agents choose both links and actions. We then examine how these models can be used to address some applied and empirical-relevant questions by mainly focusing on labor-market networks and crime networks. We provide some empirical evidence on these two types of networks and address some policy implications of the models.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 9021.
Date of creation: Jun 2012
Date of revision:
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Find related papers by JEL classification:
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-14 (All new papers)
- NEP-GTH-2012-07-14 (Game Theory)
- NEP-MIC-2012-07-14 (Microeconomics)
- NEP-NET-2012-07-14 (Network Economics)
- NEP-SOC-2012-07-14 (Social Norms & Social Capital)
- NEP-URE-2012-07-14 (Urban & Real Estate Economics)
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