Connections

An Introduction to the Economics of Networks

Business & Finance, Marketing & Sales, Consumer Behaviour, Economics, Theory of Economics
Cover of the book Connections by Sanjeev Goyal, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Sanjeev Goyal ISBN: 9781400829163
Publisher: Princeton University Press Publication: January 12, 2012
Imprint: Princeton University Press Language: English
Author: Sanjeev Goyal
ISBN: 9781400829163
Publisher: Princeton University Press
Publication: January 12, 2012
Imprint: Princeton University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Princeton University Press

Cover of the book The Cash Ceiling by Sanjeev Goyal
Cover of the book Why Philanthropy Matters by Sanjeev Goyal
Cover of the book The Formation of National Party Systems by Sanjeev Goyal
Cover of the book The Spectre of Race by Sanjeev Goyal
Cover of the book When All Else Fails by Sanjeev Goyal
Cover of the book Partiality by Sanjeev Goyal
Cover of the book Early Modern Jewry by Sanjeev Goyal
Cover of the book The Butterfly Defect by Sanjeev Goyal
Cover of the book The Great Contraction, 1929-1933 by Sanjeev Goyal
Cover of the book The Financial Diaries by Sanjeev Goyal
Cover of the book A Different Kind of Animal by Sanjeev Goyal
Cover of the book The Limits of Convergence by Sanjeev Goyal
Cover of the book The Propriety of Liberty by Sanjeev Goyal
Cover of the book Plato's Democratic Entanglements by Sanjeev Goyal
Cover of the book Nietzsche's Jewish Problem by Sanjeev Goyal
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy