Networks and Markets
نویسنده
چکیده
Networks influence human behavior and well being, and realizing this, individuals make conscious efforts to shape their own networks. Over the past decade, economists have combined these ideas with concepts from game theory, oligopoly, general equilibrium, and information economics to develop a general framework of analysis. The ensuing research has deepened our understanding of classical questions in economics and opened up entirely new lines of enquiry. ∗Faculty of Economics and Christ’s College, University of Cambridge. Email: [email protected] This is the background paper for an Invited Lecture at the 2015 World Congress of the Econometric Society in Montreal. I would like to thank Matt Elliott, Julien Gagnon, Andrea Galeotti, Edoardo Gallo, (the discussant) Rachel Kranton, David Minarsch, Gustavo Paez, and Anja Prummer for helpful comments on an earlier draft. Financial support from a Keynes Fellowship and the Cambridge-INET Institute is gratefully acknowledged.
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