Networks in the Understanding of Economic Behaviors

23 Pages Posted: 6 Mar 2014 Last revised: 2 Mar 2016

See all articles by Matthew O. Jackson

Matthew O. Jackson

Stanford University - Department of Economics; Santa Fe Institute

Date Written: March 4, 2014


In this paper I discuss what we have learned about how the structure of social networks impacts economic behaviors, and why it is important to include network information in many economic studies. I also discuss some issues of estimating models of network formation, and some of the challenges of accounting for endogenous networks in analyzing interactions.

Keywords: Social networks, homophily, diffusion, centrality measures, social learning, network models, identification, network formation

JEL Classification: D85, C72, L14, Z13

Suggested Citation

Jackson, Matthew O., Networks in the Understanding of Economic Behaviors (March 4, 2014). Available at SSRN: or

Matthew O. Jackson (Contact Author)

Stanford University - Department of Economics ( email )

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Santa Fe Institute

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