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Networks and economic policy

Accepted version
Peer-reviewed

Type

Article

Change log

Authors

Elliott, ML 
Teytelboym, A 

Abstract

jats:titleAbstract</jats:title> jats:pOver the past two decades, economists have made significant advances in understanding how networks affect individual behaviour and shape aggregate outcomes. We argue that insights from network economics can play an important role in the design of economic policy. Focusing on six policy domains, we show that network economics not only deepens our understanding of existing policy concerns but also suggests a number of new policy questions. In each of these policy areas, we evaluate the availability of data and assess the suitability of the network economics toolkit for policy work. We conclude with a discussion of challenges to the adoption of network-based methods in economic policy along with strategies to overcome them.</jats:p>

Description

Keywords

38 Economics, 3803 Economic Theory, 8.2 Health and welfare economics, 8 Health and social care services research, 8.3 Policy, ethics, and research governance, 4 Quality Education

Journal Title

Oxford Review of Economic Policy

Conference Name

Journal ISSN

0266-903X
1460-2121

Volume Title

35

Publisher

Oxford University Press (OUP)

Rights

All rights reserved
Sponsorship
European Research Council (757229)