eprintid: 10089414 rev_number: 18 eprint_status: archive userid: 608 dir: disk0/10/08/94/14 datestamp: 2020-02-25 19:32:37 lastmod: 2020-02-27 18:16:30 status_changed: 2020-02-25 19:32:37 type: working_paper metadata_visibility: show creators_name: Paula, AD title: Econometric Models of Network Formation ispublished: pub divisions: UCL divisions: A01 divisions: B03 divisions: C03 divisions: F24 keywords: Network econometrics, dyadic models, strategic network formation models. note: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. abstract: This article provides a selective review on the recent literature on econometric models of network formation. The survey starts with a brief exposition on basic concepts and tools for the statistical description of networks. I then offer a review of dyadic models, focussing on statistical models on pairs of nodes and describe several developments of interest to the econometrics literature. The article also presents a discussion of non-dyadic models where link formation might be influenced by the presence or absence of additional links, which themselves are subject to similar influences. This is related to the statistical literature on conditionally specified models and the econometrics of game theoretical models. I close with a (non-exhaustive) discussion of potential areas for further development. date: 2019 publisher: The Institute for Fiscal Studies official_url: https://doi.org/10.1920/wp.cem.2020.420 oa_status: green full_text_type: pub primo: open primo_central: open_green verified: verified_manual elements_id: 1711906 lyricists_name: de Paula, Aureo lyricists_id: ANDEP72 actors_name: de Paula, Aureo actors_id: ANDEP72 actors_role: owner full_text_status: public series: CWP4/20 place_of_pub: London, UK pages: 44 citation: Paula, AD; (2019) Econometric Models of Network Formation. (CWP4/20 ). The Institute for Fiscal Studies: London, UK. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/10089414/1/arenetworks_v4.pdf