Networks in Economics: Theory, Econometrics, and Policy Implications

Networks in Economics: Theory, Econometrics, and Policy Implications draws on the latest findings in economics, sociology, physics, computer science and mathematics, providing an empirical review of social network analysis, and their regularities. It discusses random graph-based models as well as strategic models of network formation. The three parts of the book, theory, empirics and policy, are presented in a consistent and interdependent framework. This book supports students, researchers and practitioners, helping them to understand outcomes and behaviors in networked societies, and to be able to evaluate real world policy instruments in this context.