Social status in networks

Journal Article (Journal Article)

We study social comparisons and status seeking in an interconnected society. Individuals take costly actions that have direct benefits and also confer social status. A new measure of interconnectedness- cohesion-captures the intensity of incentives for seeking status. Equilibria stratify players into social classes, with each class's action pinned down by cohesion. A network decomposition algorithm characterizes the highest (and most inefficient) equilibrium. Members of the largest maximally cohesive set form the highest class. Alternatively, players not belonging to sets more cohesive than the set of all nodes constitute the lowest class. Intermediate classes are identified by iterating a cohesion operator. We also characterize networks that accommodate multiple- class equilibria. (JEL D11, D85, Z13).

Full Text

Duke Authors

Cited Authors

  • Immorlica, N; Kranton, R; Manea, M; Stoddard, G

Published Date

  • January 1, 2017

Published In

Volume / Issue

  • 9 / 1

Start / End Page

  • 1 - 30

Electronic International Standard Serial Number (EISSN)

  • 1945-7685

International Standard Serial Number (ISSN)

  • 1945-7669

Digital Object Identifier (DOI)

  • 10.1257/mic.20160082

Citation Source

  • Scopus