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
J. Borondo, F. Borondo, C. Rodriguez-Sickert, C. A. Hidalgo, Nature.com, January 22, 2014
Interesting paper. "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." Different structures create networks that are either meritocratic or topocratic. More...