Skip to Main Content
Computational Network Science
book

Computational Network Science

by Henry Hexmoor
September 2014
Intermediate to advanced content levelIntermediate to advanced
128 pages
3h 13m
English
Morgan Kaufmann
Content preview from Computational Network Science
Chapter 9

Economic Networks

Abstract

Networks concerning economic exchanges are discussed in this chapter. The market is a special form of exchange network characterized by exchanges that produce unequal economic value for its participants. Labor markets interface potential employees with employers through transaction of jobs. It is said that weak ties are the most instrumental network links for job seekers. Consumer markets interface potential consumers with producers via contracts for goods and services. According to Karl Polanyi, embeddedness occurs since individuals most often repeat financial exchanges with those with whom there is a positive exchange history. In networks, this leads to creation of stagnant exchange communities. Gale-Shapley ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Computational Economics: Heterogeneous Agent Modeling

Computational Economics: Heterogeneous Agent Modeling

Cars Hommes, Blake LeBaron
Computational Neuroscience

Computational Neuroscience

Diana Ivanova Stephanova, Bozhidar Dimitrov Kolev
Network Science

Network Science

Carlos Andre Reis Pinheiro

Publisher Resources

ISBN: 9780128008911