EconPapers    
Economics at your fingertips  
 

Tractability and Phase Transitions in Endogenous Network Formation

Jose M. Betancourt

Papers from arXiv.org

Abstract: The dynamics of network formation are generally very complex, making the study of distributions over the space of networks often intractable. Under a condition called conservativeness, I show that the stationary distribution of a network formation process can be found in closed form, and is given by a Gibbs measure. For conservative processes, the stationary distribution of a certain class of models can be characterized for an arbitrarily large number of players. In this limit, the statistical properties of the model can exhibit phase transitions: discontinuous changes as a response to continuous changes in model parameters.

Date: 2023-10, Revised 2025-04
New Economics Papers: this item is included in nep-gth, nep-net and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2310.10764 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2310.10764

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().

 
Page updated 2025-04-15
Handle: RePEc:arx:papers:2310.10764