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We model network formation when heterogeneous nodes enter sequentially and form connections through both random meetings and network-based search, but with type-dependent biases. We show that there is “long-run integration”, whereby the composition of types in sufficiently old nodesʼ...
Persistent link: https://www.econbiz.de/10011042960
We study network formation where nodes are born sequentially and form links with previously born nodes. Connections are formed through a combination of random meetings and through search, as in Jackson and Rogers (2007). A newborn's random meetings of existing nodes are type-dependent and the...
Persistent link: https://www.econbiz.de/10013115326
We develop a model of friendship formation that sheds light on segregation patterns observed in social and economic networks. Individuals have types and see type-dependent benefits from friendships. We examine the properties of a steady-state equilibrium of a matching process of friendship...
Persistent link: https://www.econbiz.de/10005024292
We analyze friendship formation patterns and develop a dynamic model of friendship formation that combines choices with random meeting patterns. We estimate biases in agents' preferences over the races of their friends and biases in the rates at which agents of various races meet each other. We...
Persistent link: https://www.econbiz.de/10010554373
We develop a model of friendship formation that sheds light on segregation patterns observed in social and economic networks. Individuals come in different types and have type-dependent benefits from friendships; we examine the properties of a steady-state equilibrium of a matching process of...
Persistent link: https://www.econbiz.de/10005057160
Homophily, the tendency of linked agents to have similar characteristics, is an important feature of social networks. We present a new model of network formation that allows the linking process to depend on individuals types and study the impact of such a bias on the network structure. Our main...
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