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 …

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 …

We develop a theoretical model of security investments in a network of interconnected agents. Network connections … strategic substitutes. In a general (non-symmetric) network, this implies that underinvestment by some agents will encourage … symmetric or locally tree-like. We also characterize the impact of network structure on equilibrium and optimal investments …

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

We define a general class of network formation models, Statistical Exponential Random Graph Models (SERGMs), that nest …' (including ERGMs) parameters estimated from the observation of a single network are consistent (i.e., become accurate as the … exponentially slow mixing times for many specifications, we show that by reformulating network formation as a distribution over the …

higher if two agents share links in common. Second, agents may assortatively match on unobserved attributes, a process called … homophily. I study parameter identifiability in a simple model of dynamic network formation with both effects. Agents form … on unobservables. I leave the joint distribution of the initial network and the pair-specific utility component, a very …

structurally test which model best describes social learning. Seven subjects were placed into a network with common knowledge of … the network structure. Subjects attempted to learn the underlying (binary) state of the world, having received independent …