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E-Book

E-Book, Englisch, 304 Seiten

Goyal Connections

An Introduction to the Economics of Networks
Course Book
ISBN: 978-1-4008-2916-3
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

An Introduction to the Economics of Networks

E-Book, Englisch, 304 Seiten

ISBN: 978-1-4008-2916-3
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)



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Acknowledgements ix

Chapter 1: Introduction 1

1.1 Themes 1

1.2 Networks in Economics 4

1.3 The Economic Approach and Other Subjects 7

1.4 A Note on Style 8

Chapter 2: Networks: Concepts and Empirics 9

2.1 Introduction 9

2.2 Concepts 9

2.3 Properties of Empirical Networks 20

Chapter 3: Games on Networks 25

3.1 Introduction 25

3.2 General Model 27

3.3 Applications 34

3.4 Discussion of Two Assumptions 49

3.5 Concluding Remarks 53

3.6 Appendix 55

Chapter 4: Coordination and Cooperation 63

4.1 Introduction 63

4.2 Coordination Games 66

4.3 Games of Conflict 75

4.4 Concluding Remarks 80

4.5 Appendix 81

Chapter 5: Social Learning 87

5.1 Introduction 87

5.2 Theoretical Framework 89

5.3 Learning from Neighbors 94

5.4 Related Themes 102

5.5 Concluding Remarks 104

5.6 Appendix 105

Chapter 6: Social Networks in Labor Markets 113

6.1 Introduction 113

6.2 The Social Transmission of Job Information 116

6.3 Adverse Selection and Referrals 120

6.4 The Use of Social Networks: Empirical Evidence 124

6.5 Concluding Remarks 128

6.6 Appendix 128

Chapter 7: Strategic Network Formation: Concepts 143

7.1 Introduction 143

7.2 One-Sided Links 147

7.3 Two-Sided Links 150

7.4 Efficiency and Equity 158

7.5 Concluding Remarks 158

7.6 Appendix 159

Chapter 8: One-Sided Link Formation 163

8.1 Introduction 163

8.2 A Simple Model of Link Formation 165

8.3 Extensions 171

8.4 Experiments and Empirical Regularities 182

8.5 Research in Other Subjects 185

8.6 Concluding Remarks 188

8.7 Appendix 188

Chapter 9: Two-Sided Link Formation 199

9.1 Introduction 199

9.2 Network Formation: Four Applications 200

9.3 Stability and Efficiency 215

9.4 Unequal Degrees and Payoffs 221

9.5 Concluding Remarks 227

9.6 Appendix 229

Chapter 10: Research Collaboration among Firms 245

10.1 Introduction 245

10.2 Why Extensive and Nonexclusive Links? 247

10.3 Collaboration among Competing Firms 249

10.4 Related Themes 259

10.5 Empirical Patterns 262

10.6 Concluding Remarks 265

10.7 Appendix 266

References 271

Index 285


Sanjeev Goyal is professor of economics at the University of Cambridge and a fellow of Christ's College. He is one of the pioneers in the economic study of networks, and his work has appeared in leading international journals such as Econometrica, Journal of Political Economy, the Review of Economic Studies, and the Journal of Economic Theory.



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