Konrad Menzel - NYU
Strategic Network Formation with Many Agents
Date: 10/08/2015 (Thu)
Time: 3:30pm- 5:00pm
Location: Seminar will be held on-site: Social Sciences room 113
Organizer: Matt Masten
Meeting Schedule: Login or email the organizer to schedule a meeting.
All meetings will be held in the same location as the seminar unless otherwise noted.
9:45am - Pick up at hotel
10:00am - Matt Masten
10:30am - Yichong Zhang
11:00am - Luis Candelaria
11:30am - Takuya Ura
12:00pm - Lunch w/Matt Masten, Federico, Yichong, Takuya
12:30pm - Lunch
1:00pm - Lunch
1:30pm - Federico, 240
2:00pm - Jia Li, 228G
2:30pm - Valentin Verdier
3:00pm - Seminar prep
3:30pm - Seminar Presentation (3:30pm to 5:00pm)
4:00pm - Seminar
4:30pm - Seminar
5:00pm - Daniel Xu
5:30pm - OPEN
6:00pm - Dinner w/Matt Masten, Jia, Federico
Additional Comments: 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 or cyclically 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.