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Small World Networks with Segregation Patterns and Brokers AgEcon
Gallo, Edoardo.
Many social networks have the following properties: (i) a short average distance between any two individuals; (ii) a high clustering coefficient; (iii) segregation patterns; the presence of (iv) brokers and (v) hubs. (i) and (ii) define a small world network. This paper develops a strategic network formation model where agents have heterogeneous knowledge of the network: cognizant agents know the whole network, while ignorant ones are less knowledgeable. For a broad range of parameters, all pairwise Nash (PN) networks have properties (i)-(iv). There are some PN networks with one hub. Cognizant agents have higher betweenness centrality: they are the brokers who connect different parts of the network. Ignorant agents cause the emergence of segregation...
Tipo: Working or Discussion Paper Palavras-chave: Network; Cognitive Network; Small World; Broker; Segregation; Institutional and Behavioral Economics; C72; D85.
Ano: 2009 URL: http://purl.umn.edu/50712
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