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.

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Keywords cognitive social structures, consistent accuracy, network centrality, structural autocorrelation, two-stage equilibrium model
JEL Statistical Decision Theory; Operations Research (jel C44), Econometric Modeling: Other (jel C59), Business Administration and Business Economics; Marketing; Accounting (jel M), Marketing (jel M31)
Persistent URL hdl.handle.net/1765/13536
Journal Journal of Mathematical Sociology
Dekker, R, Franses, Ph.H.B.F, & Krackhardt, D. (2003). An equilibrium-correction model for dynamic network data. Journal of Mathematical Sociology, 193–215. Retrieved from http://hdl.handle.net/1765/13536