The Economics of Small Worlds

  title={The Economics of Small Worlds},
  author={Matthew O. Jackson and Brian W. Rogers},
We examine a simple economic model of network formation where agents bene t from indirect relationships. We show that small-world features | short path lengths between nodes together with highly clustered link structures | necessarily emerge for a wide set of parameters. JEL classi cation numbers: D85, A14, C72 

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