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Networks and Economic Behavior

Author

Listed:
  • Matthew O. Jackson

    (Department of Economics, Stanford University, Stanford, California 94305-6072)

Abstract

Recent analyses of social networks, both empirical and theoretical, are discussed, with a focus on how social networks influence economic behavior, as well as how social networks form. Some challenges of such research are discussed as are some of the important considerations for the future.

Suggested Citation

  • Matthew O. Jackson, 2009. "Networks and Economic Behavior," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 489-513, May.
    • Handle: RePEc:anr:reveco:v:1:y:2009:p:489-513
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.economics.050708.143238
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    Citations

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    Cited by:

    1. Manuel Arellano & Stéphane Bonhomme, 2017. "Nonlinear Panel Data Methods for Dynamic Heterogeneous Agent Models," Annual Review of Economics, Annual Reviews, vol. 9(1), pages 471-496, September.
    2. Mauleon, Ana & Nanumyan, Mariam & Schopohl, Simon & Vannetelbosch, Vincent, 2023. "Unions and key players in network games with conflicts and spillovers," LIDAM Discussion Papers CORE 2023012, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Herings, P.J.J. & Khan, Abhimanyu, 2022. "Network Stability under Limited Foresight," Other publications TiSEM 03f2ece9-902b-4dba-a16e-0, Tilburg University, School of Economics and Management.
    4. Patacchini, Eleonora & Arduini, Tiziano, 2016. "Residential choices of young Americans," Journal of Housing Economics, Elsevier, vol. 34(C), pages 69-81.
    5. Pandey, Siddhi Gyan, 2021. "Evolution of cooperative networks," Working Papers 21/346, National Institute of Public Finance and Policy.
    6. Gal Oestreicher-Singer & Arun Sundararajan, 2012. "The Visible Hand? Demand Effects of Recommendation Networks in Electronic Markets," Management Science, INFORMS, vol. 58(11), pages 1963-1981, November.
    7. Einmahl, John & He, Y., 2020. "Unified Extreme Value Estimation for Heterogeneous Data," Other publications TiSEM dfe6c38c-823b-4394-b4fd-a, Tilburg University, School of Economics and Management.
    8. Bennett, Daniel & Chiang, Chun-Fang & Malani, Anup, 2015. "Learning during a crisis: The SARS epidemic in Taiwan," Journal of Development Economics, Elsevier, vol. 112(C), pages 1-18.
    9. Meli, Venceslas Nguefoue & Njougouo, Thierry & Kongni, Steve J. & Louodop, Patrick & Fotsin, Hilaire, 2023. "Mobile oscillators network with amplification," Chaos, Solitons & Fractals, Elsevier, vol. 177(C).
    10. Jiang, Meiling & Gao, Qingwu & Zhuang, Jun, 2021. "Reciprocal spreading and debunking processes of online misinformation: A new rumor spreading–debunking model with a case study," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 565(C).
    11. Sun, Guang-Zhen, 2017. "The Samuelson condition and the Lindahl scheme in networks," Journal of Public Economics, Elsevier, vol. 156(C), pages 73-80.
    12. Janmaat, Johannus & Geleta, Solomon & Loomis, John, 2019. "Detecting social network effects on willingness to pay for environmental improvements using egocentric network measures," MPRA Paper 96675, University Library of Munich, Germany.
    13. Arun Advani & Bryony Reich, 2015. "Melting pot or salad bowl: the formation of heterogeneous communities," IFS Working Papers W15/30, Institute for Fiscal Studies.
    14. Chih‐Sheng Hsieh & Xu Lin, 2021. "Social interactions and social preferences in social networks," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(2), pages 165-189, March.
    15. Lea Ellwardt & Penélope Hernández & Guillem Martínez-Canovas & Manuel Muñoz-Herrera, 2014. "Conflict and segregation in networks: An experiment on the interplay between individual preferences and social influence," Discussion Papers in Economic Behaviour 0114, University of Valencia, ERI-CES.
    16. Mihm, Maximilian & Toth, Russell, 2020. "Cooperative networks with robust private monitoring," Journal of Economic Theory, Elsevier, vol. 185(C).
    17. Gary Charness & Brian Jabarian & John List, 2023. "Generation Next: Experimentation with AI," Artefactual Field Experiments 00777, The Field Experiments Website.
    18. Erol Akçay & David Hirshleifer, 2021. "Social finance as cultural evolution, transmission bias, and market dynamics," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 118(26), pages 2015568118-, June.
    19. Peter Friedrich, 2015. "Determining Social Capital By Social Accounting," Oeconomia Copernicana, Institute of Economic Research, vol. 6(1), pages 47-73, March.
    20. Jillian J Jordan & David G Rand & Samuel Arbesman & James H Fowler & Nicholas A Christakis, 2013. "Contagion of Cooperation in Static and Fluid Social Networks," PLOS ONE, Public Library of Science, vol. 8(6), pages 1-10, June.
    21. Manuel Arellano & Stéphane Bonhomme, 2017. "Nonlinear Panel Data Methods for Dynamic Heterogeneous Agent Models," Working Papers wp2018_1703, CEMFI.
    22. Eyal Carmi & Gal OEstreicher-Singer & Arun Sundararajan, 2010. "Is Oprah Contagious? Identifying Demand Spillovers in Product Networks," Working Papers 10-18, NET Institute.
    23. Einmahl, John & He, Y., 2020. "Unified Extreme Value Estimation for Heterogeneous Data," Discussion Paper 2020-025, Tilburg University, Center for Economic Research.
    24. Neilson, William & Wichmann, Bruno, 2014. "Social networks and non-market valuations," Journal of Environmental Economics and Management, Elsevier, vol. 67(2), pages 155-170.
    25. Jia-Ping Huang & Yang Zhang & Juanxi Wang, 2023. "Dynamic effects of social influence on asset prices," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(3), pages 671-699, July.

    More about this item

    Keywords

    networks; social networks; economic networks;
    All these keywords.

    JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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