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The Value of a Network

Author

Listed:
  • Nick Wills-Johnson
  • Peter Hornby

Abstract

This paper presents a simple mechanism for quantifying the value which a network creates based upon the way in which its connected. The mechanism is grounded in a process of information sharing by nodes and is, in a sense, an extension of Bonacich!?s (1972) centrality measure

Suggested Citation

  • Nick Wills-Johnson & Peter Hornby, 2007. "The Value of a Network," Modern Applied Science, Canadian Center of Science and Education, vol. 1(4), pages 1-37, November.
    • Handle: RePEc:ibn:masjnl:v:1:y:2007:i:4:p:37
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    References listed on IDEAS

    as
    1. Lloyd S. Shapley & Jorge R. Palamara, 2000. "Simple Games and Authority Structure," UCLA Economics Working Papers 796, UCLA Department of Economics.
    2. Jackson, Matthew O. & Wolinsky, Asher, 1996. "A Strategic Model of Social and Economic Networks," Journal of Economic Theory, Elsevier, vol. 71(1), pages 44-74, October.
    3. Gomez, Daniel & Gonzalez-Aranguena, Enrique & Manuel, Conrado & Owen, Guillermo & del Pozo, Monica & Tejada, Juan, 2003. "Centrality and power in social networks: a game theoretic approach," Mathematical Social Sciences, Elsevier, vol. 46(1), pages 27-54, August.
    4. Martin Gargiulo & Mario Benassi, 2000. "Trapped in Your Own Net? Network Cohesion, Structural Holes, and the Adaptation of Social Capital," Organization Science, INFORMS, vol. 11(2), pages 183-196, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mikhaylov Andrey, 2013. "Case Study on the Structural Transformation of an International Cluster: European Perspective," Modern Applied Science, Canadian Center of Science and Education, vol. 7(12), pages 1-1, December.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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