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My Friend Far Far Away: Asymptotic Properties of Pairwise Stable Networks

Vincent Boucher and Ismael Mourifiã‰
Authors registered in the RePEc Author Service: Ismael MOURIFIÉ (ismael.mourifie@utoronto.ca)

Working Papers from University of Toronto, Department of Economics

Abstract: We explore the asymptotic properties of pairwise stables networks (Jackson and Wolinsky, 1996). Speci fically, we want to recover a set of parameters from the individuals' utility functions using the observation of a single pairwise stable network. We develop Pseudo Maximum Likelihood estimator and show that it is consistent and asymptotically normally distributed under a very weak version of homophily. The approach is compelling as it provides explicit, easy-to-check conditions on the admissible set of preferences. Moreover, the method is easily implementable using pre-programmed estimators available in most statistical packages. We provide an application of our method using the Add Health database.

Keywords: social network; pairwise stability; spatial econometrics (search for similar items in EconPapers)
JEL-codes: C13 D85 (search for similar items in EconPapers)
Pages: Unknown pages
Date: 2013-10-01
New Economics Papers: this item is included in nep-ecm, nep-gth and nep-net
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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