In this note, we consider a broad class of network models where a large number of heterogeneous agents simultaneously …

We develop and analyze a tractable empirical model for strategic network formation that can be estimated with data from … a single network at a single point in time. We model the network formation as a sequential process where in each period …, the characteristics of the potential partner, and on features of the current state of the network, such as whether the two …

, summary network parameters (e.g., the degree distribution or transitivity index); and (iii) empirical models of strategic … network formation admitting interdependencies in preferences. Current research challenges and open questions are also …

This paper presents and structurally estimates a model of endogenous network formation and legislative activity of … of Congress as exogenously given and instead embed it in a model of endogenous network formation useful for developing …

This chapter develops a unified framework for the study of how network interactions can function as a mechanism for … small, we provide a fairly complete characterization of the structure of equilibrium, clarifying the role of network … literature on the role of network linkages in fostering systemic risk …

assumption that the process starts with every node in the network having a signal. We study a natural extension of the DeGroot … agent. This characterization result then allows us to relate network geometry to information aggregation. We identify an … example of a network structure where essentially only the signal of a single agent is aggregated, which helps us pinpoint a …

description of Deferred Acceptance. We prove that--in contrast with other common matching mechanisms--this menu description must …

This paper introduces a simulation algorithm for evaluating the log-likelihood function of a large supermodular binary …-action game. Covered examples include (certain types of) peer effect, technology adoption, strategic network formation, and multi … algorithm which allows for accurate likelihood simulation with modest numbers of simulation draws …

for their legislative activity. We propose a novel equilibrium concept for the network formation game that allows for a …

We show that increasing the probability of obtaining a job offer through a network should raise the observed wages of … workers in jobs found through formal channels relative to those in jobs found through the network. This prediction holds at … are consistent with the primary effect of network strength being to increase the arrival rate of offers rather than to …