THE ECONOMICS OF SMALL WORLDS | Zendy

Jackson Matthew O. | Zendy; Rogers Brian W. | Zendy

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THE ECONOMICS OF SMALL WORLDS

Author(s) -

Jackson Matthew O.,

Rogers Brian W.

Publication year - 2005

Publication title -

journal of the european economic association

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 7.792

H-Index - 93

eISSN - 1542-4774

pISSN - 1542-4766

DOI - 10.1162/jeea.2005.3.2-3.617

Subject(s) - simple (philosophy) , path (computing) , economics , set (abstract data type) , small world network , link (geometry) , network formation , microeconomics , economic geography , computer science , mathematical economics , econometrics , complex network , computer network , philosophy , epistemology , world wide web , programming language

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. (JEL: D85, A14, C72)

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