TY  - GEN
AB  - We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike the vast majority of the corresponding economic literature, we capture homophily in terms of similarity rather than equality of agents. We show that if links between similar agents are indeed more likely, our homophilous random network model exhibits clustering. Moreover, simulations indicate that the well-known small-world phenomenon is preserved even at high homophily levels. As a possible application we provide a stylized labor market model, where a firm can hire a worker via the social network.
DA  - 2014
KW  - Random Graphs
KW  - Homophily
KW  - Clustering
KW  - Small-World Phenomenon
KW  - Network Formation
KW  - Labor Market Search
LA  - eng
PY  - 2014
SN  - 0931-6558
SP  - 38-
TI  - Continuous homophily and clustering in random networks
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-27086772
Y2  - 2024-11-22T10:24:19
ER  -