Connections (eBook)

An Introduction to the Economics of Networks

Sanjeev Goyal (Autor)

eBook Download: EPUB

2012
304 Seiten
Princeton University Press (Verlag)
978-1-4008-2916-3 (ISBN)

Infos

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. In Connections, Sanjeev Goyal puts contemporary thinking about networks and economic activity into context. He develops a general framework within which this body of research can be located. In the first part of the book he demonstrates that location in a network has significant effects on individual rewards and that, given this, it is natural that individuals will seek to form connections to move the network in their favor. This idea motivates the second part of the book, which develops a general theory of network formation founded on individual incentives. Goyal assesses the robustness of current research findings and identifies the substantive open questions. Written in a style that combines simple examples with formal models and complete mathematical proofs, Connections is a concise and self-contained treatment of the economic theory of networks, one that should become the natural source of reference for graduate students in economics and related disciplines.

Autor

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.

Produkt-Details

• Erscheint lt. Verlag: 12.1.2012
• Zusatzinfo: 40 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
• Schlagworte: Abhinay Muthoo • Absorbing set • Addition • Adjacency Matrix • Almost surely • Average path length • Calculation • Centrality • Competition • Competition (economics) • Computation • conformity • Coordination failure (economics) • Coordination game • Cornell University • Correlation and dependence • Cost–benefit analysis • Decision-Making • Decision rule • Degree distribution • Dutta • Economic equilibrium • Economics • economist • economy • Efficiency • Emergence • Employment • Equilibrium Quantity • Experiment • Externality • Free Riding • Free Trade • General Equilibrium Theory • Identity matrix • Incentive • income • inference • Intermediation • Klaas • Lecture • Marginal cost • Marginal Cost Of Production • Marginal return • Marginal value • Markov Chain • Markov process • Mathematical Optimization • Monotonic Function • Nash Equilibrium • Net Payoff • network architecture • network effect • Outcome (game theory) • Parameter • Pareto Efficiency • Partha Dasgupta • Payment • Political Economy • Prediction • Preference (economics) • preferential attachment • price of anarchy • Prisoner's dilemma • Probability • Probability Distribution • probability measure • Quantity • Rate of Convergence • Requirement • Resource Allocation • result • Sharing • small number • social relation • Social Structure • Sociology • solution concept • Special case • star network • State of the World (book series) • Strategic complements • Strategic Management • Strategy (game theory) • Structural holes • Subset • Suggestion • Supporter • tariff • Technology • Theorem • theory • Trade Agreement • Trade-off • Unemployment • University of Cambridge • University of Essex • Weighted arithmetic mean • Without loss of generality • Yves Zenou
• ISBN-10: 1-4008-2916-X / 140082916X
• ISBN-13: 978-1-4008-2916-3 / 9781400829163