Published April 10, 2019
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The Economics of Small Worlds
- Creators
-
Jackson, Matthew O.
- Rogers, Brian W.
Abstract
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.
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Additional details
- Eprint ID
- 94648
- Resolver ID
- CaltechAUTHORS:20190410-160823436
- Created
-
2019-04-10Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 1214