Arbeitspapier
Individual Search and Social Networks
The explosion in online social networks motivates an enquiry into their structure and their welfare effects. A central feature of these networks is information sharing: online social networks lower the cost of getting information from others. These lower costs affect the attractiveness of individual search vis-a-vis a reliance on social networks. The paper reports the findings of an experiment on these effects. Our experiment shows that online networks can have large effects. Information acquisition is more dispersed and it is accompanied by denser social networks. Aggregate investment in information acquisition falls, but information available to individuals remains stable, due to increased networking. The overall effect is a significant increase in individual utility and aggregate welfare.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 49.2014
- Klassifikation
-
Wirtschaft
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Network Formation and Analysis: Theory
- Thema
-
Social networks
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Goyal, Sanjeev
Rosenkranz, Stephanie
Weitzel, Utz
Buskens, Vincent
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Goyal, Sanjeev
- Rosenkranz, Stephanie
- Weitzel, Utz
- Buskens, Vincent
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2014
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