Template-Type: ReDIF-Paper 1.0 Author-Name: Dekker, D.J. Author-Name-Last: Dekker Author-Name-First: David Author-Name: Franses, Ph.H.B.F. Author-Name-Last: Franses Author-Name-First: Philip Hans Author-Person: pfr226 Author-Name: Krackhardt, D. Author-Name-Last: Krackhardt Author-Name-First: David Title: An Equilibrium-Correction Model for Dynamic Network Data Abstract: 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. Creation-Date: 2001-06-20 File-URL: https://repub.eur.nl/pub/100/erimrs20010620164657.pdf File-Format: application/pdf Series: RePEc:ems:eureri Number: ERS-2001-39-MKT Classification-JEL: C44, C59, M, M31 Keywords: cognitive social structures, consistent accuracy, network centrality, structural autocorrelation, two-stage equilibrium model Handle: RePEc:ems:eureri:100