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...

Full description

Bibliographic Details
Main Authors: Borondo, J., Borondo, F., Rodriguez-Sickert, C., Hidalgo Ramaciotti, Cesar A.
Other Authors: Massachusetts Institute of Technology. Media Laboratory
Format: Article
Language:en_US
Published: Nature Publishing Group 2014
Online Access:http://hdl.handle.net/1721.1/88213
https://orcid.org/0000-0002-6031-5982