Journal of Economic Literature
ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)
On Networks and Markets by Rauch and Casella, eds.
Journal of Economic Literature
vol. 41,
no. 2, June 2003
(pp. 545–565)
Abstract
This essay reviews Networks and Markets, edited by James E. Rauch and Alessandra Casella. This book provides a useful vehicle for clarifying the main conceptual and operational issues facing the growing study of economic networks. Three types of networks are discussed: networks as concentrated or patterned exchange; as primordial relations; and, the most general, networks as structures of mutual orientation. An overview is provided of the challenges faced by research on the economic implications of three types of networks. The strengths and weaknesses of current research on economic networks are examined via a review of the contributions in the book.Citation
Zuckerman, Ezra, W. 2003. "On Networks and Markets by Rauch and Casella, eds." Journal of Economic Literature, 41 (2): 545–565. DOI: 10.1257/002205103765762761JEL Classification
- D40 Market Structure and Pricing: General
- L14 Transactional Relationships; Contracts and Reputation; Networks