Specification and Estimation of Network Formation and Network Interaction Models with the Exponential Probability Distribution

主讲人

Chih-Sheng Hsieh

简介

<div>Abstract:</div> <div>In this paper, we model network formation and network interactions under a unified framework.</div> <div>The key feature of our model is to allow individuals to respond to incentives stemming</div> <div>from interaction benefits on certain activities when they are choosing friends (network links).</div> <div>There are two advantages of this modeling approach: first, one can evaluate whether incentives</div> <div>from certain interactions are important factors for friendship formation or not. Second,</div> <div>possible friendship selection bias on network interactions can be corrected as the network</div> <div>formation is explicitly modeled. The proposed model is estimated by the Bayesian method.</div> <div>In the empirical study, we apply the model to American high school students' friendship</div> <div>networks in the Add Health dataset. From two activity variables which are considered in the</div> <div>paper -- GPA and smoking frequency, we find a significant incentive effect from GPA, but not</div> <div>from smoking, on friendship formation. These results suggest that the benefit of interactions</div> <div>in academic learning is an important factor for forming friendships, while the pleasure of</div> <div>smoking together is not. However, from the perspective of network interactions, both GPA</div> <div>and smoking frequency are subject to significant positive interaction (peer) effects.</div> <div>&nbsp;</div> <div><a href="/EventsMgr/Upload/File/2015/4/20150415040724475.pdf">Download the paper</a></div>

时间

2015-04-16(星期四)16:40-18:00

地点

N303 经济楼/Economics Building

讲座语言

English

主办单位

WISE-SOE

承办单位

类型

系列讲座

联系人信息

主持人

Xiaoyi Han

专题网站

专题

主讲人简介

<p>Assistant Professor</p> <p>Department of Economics</p> <p>CUHK</p> <p><a href="http://www.econ.cuhk.edu.hk/dept/staffPersonal.php?st_id=cshsieh">Prof. Chih-Sheng Hsieh'Homepage</a></p>

期数

“WISE-SOE”高级经济学系列讲座2015春季学期第三讲(总第342讲)--应用微观领域

主讲人: Chih-Sheng Hsieh
主讲人简介:

Assistant Professor

Department of Economics

CUHK

Prof. Chih-Sheng Hsieh'Homepage

主持人: Xiaoyi Han
简介:
系列讲座
时间: 2015-04-16(星期四)16:40-18:00
地点: N303 经济楼/Economics Building
期数: “WISE-SOE”高级经济学系列讲座2015春季学期第三讲(总第342讲)--应用微观领域
主办单位: WISE-SOE
类型: 系列讲座