Where do networks come from?

The key assumption underlying both the peer effects and structural approaches to network effects assume some degree of exogeneity in the existence … More

Entrepreneurial networks

Who is this? Keep this face in mind, at least for a bit. In the prior lecture we discussed the simple micro-macro-micro process described in Granovetter (1973), the “Strength of Weak Ties.” Recall what we discussed: The forbidden triad is forbidden because in equilibrium it is generally unstable, because it is unbalanced. The unstable structure of the […]