Connections : an introduction to the economics of networks /

Networks pervade social and economic life, and they play a prominent role in explaining a huge variety of social and economic phenomena. Standard economic theory did not give much credit to the role of networks until the early 1990s, but since then the study of the theory of networks has blossomed....

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Bibliographic Details
Main Author: Goyal, Sanjeev
Format: Book
Language:English
Published: Princeton, N.J. : Princeton University Press, 2007
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Description
Summary:Networks pervade social and economic life, and they play a prominent role in explaining a huge variety of social and economic phenomena. Standard economic theory did not give much credit to the role of networks until the early 1990s, but since then the study of the theory of networks has blossomed. At the heart of this research is the idea that the pattern of connections between individual rational agents shapes their actions and determines their rewards. The importance of connections has in turn motivated the study of the very processes by which networks are formed.
Physical Description:x, 289 p. : il.
Bibliography:Bibliografía: p. 271-283
ISBN:9780691126500