An Equilibrium-Correction Model for Dynamic Network Data

We propose a two-stage MRQAP to analyze dynamic network data, within the framework of an equilibrium-correction (EC) model. Extensive simulation results indicate practical relevance of our method and its improvement over standard OLS. An empirical illustration additionally shows that the EC model yields interpretable parameters, in contrast to an unrestricted dynamic model.

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Year of publication:	2001-06-20
Authors:	Dekker, D.J. ; Franses, Ph.H.B.F. ; Krackhardt, D.
Institutions:	Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
Subject:	structural autocorrelation \| two-stage equilibrium model \| consistent accuracy \| cognitive social structures \| network centrality

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Extent:	application/pdf
Series:	Research Paper. - ISSN 1566-5283.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series RePEc:dgr:eureri Number ERS-2001-39-MKT
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005288515