HIGHLIGHTS
- who: SUBJECT AREAS and collaborators from the Departamento de Fı́sica y Mecánica, Universidad Politécnica de Madrid, ETSI Agrónomos, Madrid, Spain, Instituto de have published the article: To Each According to its Degree: The Meritocracy and Topocracy of Embedded Markets, in the Journal: (JOURNAL) of 18/Nov/2013
- what: The authors explore the redistributive consequences of the networks underlying economic activity by introducing a model with tunable embeddedness. When the network is fully connected the model describes a system that is perfectly meritocratic i.e. payoffs are perfectly correlated with talent.
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