Calendar

Events Calendar

Econometrics Workshop speaker Konrad Menzel, New York University

Econometrics

Thursday, April 27, 2017, 04:00pm - 05:30pm

Konrad Menzel, New York University
  "STRATEGIC NETWORK FORMATION WITH MANY AGENTS"

Abstract: We consider a random utility model of strategic network formation, where we derive a tractable approximation to the distribution of network links using many-player asymptotics. Our framework assumes that agents have heterogeneous tastes over links, and allows for anonymous and non-anonymous interaction effects among links. The observed network is assumed to be pairwise stable, and we impose no restrictions regarding selection among multiple stable outcomes. Our main results concern convergence of the link frequency distribution from finite pairwise stable networks to the (many-player) limiting distribution. The set of possible limiting distributions is shown to have a fairly simple form and is characterized through aggregate equilibrium conditions, which may permit multiple solutions. We analyze identification of link preferences and propose a method for estimation of preference parameters. We also derive an analytical expression for agents’ welfare (expected surplus) from the structure of the network.

Location  NJ Hall 3rd Floor Library
Contact  Roger Klein

Upcoming Events

Fri Sep 25 @ 3:00PM - 04:00PM
Empirical Microeconomics
Maria Rosales, Rutgers University - Newark
Mon Sep 28 @ 2:30PM - 04:00PM
Money, History and Finance
Angela Vossmeyer, Claremont College
Wed Sep 30 @ 2:45PM - 04:15PM
Micro Theory/Experimental Seminar
Xuesong Huang, Rutgers University Graduate Student
Thu Oct 01 @ 1:30PM - 03:00PM
Econometrics
Xu Han, Temple University
Fri Oct 02 @ 3:00PM - 04:00PM
Empirical Microeconomics
Amanda Agan, Rutgers University
Mon Oct 05 @ 2:30PM - 04:00PM
Money, History and Finance
John Landon-Lane, Rutgers University
Thu Oct 08 @ 1:30PM - 03:00PM
Econometrics
Michael Leung, University of Southern California
Fri Oct 09 @ 2:00PM - 03:00PM
Empirical Microeconomics
Yeonbin Yang, Rutgers University Graduate Student
Mon Oct 12 @ 2:30PM - 04:00PM
Money, History and Finance
Peter Veru, University of Colorado
Fri Oct 16 @ 3:00PM - 04:00PM
Empirical Microeconomics
Jennifer Hunt, Rutgers University
Wed Oct 21 @ 2:45PM - 04:15PM
Micro Theory/Experimental Seminar
R. Vijay Krishna, Rutgers University Graduate Student
Fri Oct 23 @ 3:00PM - 04:00PM
Empirical Microeconomics
Suwei Luo, Rutgers University Graduate Student
Mon Oct 26 @ 2:30PM - 04:00PM
Money, History and Finance
Nathan Sussman, Geneva
Fri Oct 30 @ 3:00PM - 04:00PM
Empirical Microeconomics
Hyunjoo Jang, Rutgers University Graduate Student
Mon Nov 02 @ 2:30PM - 04:00PM
Money, History and Finance
James Morrison, LSE Political Science