Tinbergen Institute Lectures
Econometrics on Networks
Speaker(s)Stéphane Bonhomme (The University of Chicago, United States)
LocationErasmus University Rotterdam, Campus Woudestein
November 09, 2022 until November 10, 2022
Economic outcomes are often the result of interactions between agents. Yet, econometric analysis mostly focuses on single-agent models. In these lectures I will review recent research that considers networks of interacting agents and outcomes that result from these interactions. The main focus will be on how agent heterogeneity, and sorting patterns and complementarity between agents, shape outcome responses and affect their dispersion. Two leading classes of applications are models of wage determination with worker and firm heterogeneity, and settings where agents produce output in teams.