Economic aspects of social networks as an informal institute

  • K.A. Bukin National Reserch University Higher School of Economics
  • E.V. Pertsova The Russian Presidental Academy of National Economy and Public Administration
Keywords: Informal institutions, Model of network membership, Social networks

Abstract

The article discusses the mechanisms of informal institutions and their main functions. Special attention is paid to social networks as an example of an informal mechanism. The main attraction is given to the model of membership in a network as a dynamic game with incomplete and asymmetric information.

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Author Biographies

K.A. Bukin , National Reserch University Higher School of Economics

Cand. Sci. (Phys. and Math.), Assoc. Prof. Department of Economic Theory 

E.V. Pertsova , The Russian Presidental Academy of National Economy and Public Administration

Cand. Sci. (Econ.), Assoc. Prof. Department of Microeconomics

Published
2017-09-30
How to Cite
Bukin , K., & Pertsova , E. (2017). Economic aspects of social networks as an informal institute. Eurasian Journal of Economics and Management, (3), 5-11. Retrieved from https://journals.vsu.ru/econ/article/view/9132
Issue
No 3 (2017): July – September
Section
Economic Theory