Vega-Redondo, Fernando and Marsili, Matteo and Slanina, Frantisek (2005) Clustering, Cooperation, and Search in Social Networks. Journal of the European Economic Association, 3 (2-3). pp. 628-638. DOI https://doi.org/10.1162/jeea.2005.3.2-3.628
Vega-Redondo, Fernando and Marsili, Matteo and Slanina, Frantisek (2005) Clustering, Cooperation, and Search in Social Networks. Journal of the European Economic Association, 3 (2-3). pp. 628-638. DOI https://doi.org/10.1162/jeea.2005.3.2-3.628
Vega-Redondo, Fernando and Marsili, Matteo and Slanina, Frantisek (2005) Clustering, Cooperation, and Search in Social Networks. Journal of the European Economic Association, 3 (2-3). pp. 628-638. DOI https://doi.org/10.1162/jeea.2005.3.2-3.628
Abstract
The paper discusses the important role of clustering in the evolution of social networks, as it affects not only the incentives of players to cooperate but also their ability to search for fresh opportunities. Depending on the volatility of the environment and the social convention in place, we show that network clustering endogenously adapts to achieve and maintain, to the extent possible, a state of high social connectivity in the long run.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences > Economics, Department of |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 06 Jan 2013 15:22 |
| Last Modified: | 06 Jan 2022 14:37 |
| URI: | http://repository.essex.ac.uk/id/eprint/4984 |