Calvó-Armengol, Antoni; Patacchini, Eleonora; Zenou, Yves - Institute for the Study of Labor (IZA) - 2008
This paper studies whether structural properties of friendship networks affect individual outcomes in education. We first develop a model that shows that, at the Nash equilibrium, the outcome of each individual embedded in a network is proportional to her Katz-Bonacich centrality measure. This...