To Each According to its Degree: The Meritocracy and Topocracy of Embedded Markets

To Each According to its Degree: The Meritocracy and Topocracy of Embedded Markets

A system is said to be meritocratic if the compensation and power available to individuals is determined by their abilities and merits. A system is topocratic if the compensation and power available to an individual is determined primarily by her position in a network. Here we introduce a model that...

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Bibliographic Details
Main Authors: Borondo, J. (Author), Borondo, F. (Author), Rodriguez-Sickert, C. (Author), Hidalgo Ramaciotti, Cesar A. (Author)
Other Authors: Massachusetts Institute of Technology. Media Laboratory (Contributor), Program in Media Arts and Sciences (Massachusetts Institute of Technology) (Contributor), Hidalgo, Cesar A. (Contributor)
Format: Article
Language:English
Published: Nature Publishing Group, 2014-07-08T19:46:12Z.
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