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Clustering, Cooperation, and Search in Social Networks

Author

Listed:
  • Fernando Vega-Redondo

    (Universidad de Alicante, Instituto Valenciano de Investigaciones Económicas, and University of Essex,)

  • Matteo Marsili

    (Abdus Salam International Centre for Theoretical Physics, Trieste,)

  • Frantisek Slanina

    (Institute of Physics, Academy of Sciences of the Czech Republic, Prague,)

Abstract

The paper discusses the important role of clustering in the evolution of social networks, as it affects not only the incentives of players to cooperate but also their ability to search for fresh opportunities. Depending on the volatility of the environment and the social convention in place, we show that network clustering endogenously adapts to achieve and maintain, to the extent possible, a state of high social connectivity in the long run. (JEL: C71, D83, D85) Copyright (c) 2005 The European Economic Association.

Suggested Citation

  • Fernando Vega-Redondo & Matteo Marsili & Frantisek Slanina, 2005. "Clustering, Cooperation, and Search in Social Networks," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 628-638, 04/05.
  • Handle: RePEc:tpr:jeurec:v:3:y:2005:i:2-3:p:628-638
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    Citations

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    Cited by:

    1. Markus Kinateder, 2006. "Repeated Games Played in a Network," UFAE and IAE Working Papers 674.06, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    2. Desiree A. Desierto, 2008. "The Dynamics of Economic Integration," DEGIT Conference Papers c013_029, DEGIT, Dynamics, Economic Growth, and International Trade.
    3. Friederike Mengel, 2009. "Conformism and cooperation in a local interaction model," Journal of Evolutionary Economics, Springer, vol. 19(3), pages 397-415, June.

    More about this item

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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