Small-world and power-law network structures have been prominently proposed as models of large networks. However, the assumptions of these models usually lack sociological grounding. We present a computational model grounded in social exchange theory. Agents search attractive exchange partners...

This study examines the extent to which network formation processes in international relations parallel models that characterize the formation processes of physical, biological, and social networks. I introduce two influential models from networks sciences: Preferential Attachment (PA) models...

The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...