realized network. -- efficiency ; network clearing ; random bipartite network formation ; simultaneous search …When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other … workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects …

; network clearing ; random bipartite network formation ; simultaneous search …When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those …

We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … equality of agents. We show that if links between similar agents are indeed more likely, our homophilous random network model … social network. …

compete on different routes through the network. I characterize stationary equilibrium payoffs as the fixed point of a set of … intuitive value function equations and study efficiency and the impact of network structure on payoffs. There is never too …