Networks in economics

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3 Citations (Scopus)

Abstract

We provide an overview on networks in economics. We first look at the theoretical aspects of network economics using a game-theoretical approach. We derive some results on games on networks and network formation. We also study what happens when agents choose both links and actions. We then examine how these models can be used to address some applied and empirical relevant questions by mainly focusing on labor market networks and crime networks. We provide some empirical evidence on these two types of networks and address some policy implications of the models.

Original languageEnglish
Title of host publicationInternational Encyclopedia of the Social & Behavioral Sciences
EditorsJames D Wright
Place of PublicationAmsterdam Netherlands
PublisherElsevier
Pages572-581
Number of pages10
Edition2nd
ISBN (Electronic)9780080970875
ISBN (Print)9780080970868
DOIs
Publication statusPublished - 26 Mar 2015
Externally publishedYes

Keywords

  • Criminal networks
  • Games on networks
  • Katz-Bonacich centrality
  • Key players
  • Labor networks
  • Network formation
  • Social networks

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