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dc.contributor.authorMoraga-González, José Luisen_US
dc.contributor.authorvan der Leij, Marco J.en_US
dc.contributor.authorGoyal, Sanjeeven_US
dc.coverage.temporal1970-2000en_US
dc.date.accessioned2009-01-28T15:53:50Z-
dc.date.available2009-01-28T15:53:50Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18925-
dc.description.abstractThis paper examines the small world hypothesis. The first part of the paper presents empirical evidence on the evolution of a particular world: the world of journal publishing economists during the period 1970-2000. We find that in the 1970's the world of economics was a collection of islands, with the largest island having about 15% of the population. Two decades later, in the 1990's, the world of economics was much more integrated, with the largest island covering close to half the population. At the same time, the distance between individuals on the largest island had fallen significantly. Thus we believe that economics is an emerging small world. What is it about the network structure that makes the world small? An exploration of the micro aspects of the network yields three findings: one, the average number of co-authors is very small but increasing; two, the distribution of co-authors is very unequal; and three, there exist a number of ?stars?, individuals who have a large number of co-authors (25 times the average number) most of whom do not write with each other. Thus the economics world is a set of inter-connected stars. We take the view that individuals decide on whether to work alone or with others; this means that individual incentives should help us understand why the economics world has the structure it does. The second part of the paper develops a simple theoretical model of co-authorship. The main finding of the model is that in the presence of productivity differentials and a shortage of high-productivity individuals, inter-connected stars will arise naturally in equilibrium. Falling costs of communication and increasing credit for joint research leads to greater co-authorship and this is consistent with the growth in the size of the giant component.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesCESifo working papers 1287en_US
dc.subject.jelO30en_US
dc.subject.jelD20en_US
dc.subject.jelJ41en_US
dc.subject.jelL22en_US
dc.subject.jelA14en_US
dc.subject.ddc330en_US
dc.subject.stwWirtschaftswissenschaften_US
dc.subject.stwPublikationsanalyseen_US
dc.subject.stwNetzwerken_US
dc.subject.stwWelten_US
dc.titleEconomics : an emerging small world?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn471200255en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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