"We prove a CLT for strategic network formation with homophilous agents. This enables inference on statistics derived from a single large network. We discuss practical procedures."
New Paper by Leung & Moon:
https://www.restud.com/normal-approximation-in-large-network-models/
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"A new theory on how regional shocks affect aggregate welfare—applied to US highway network improvements—unpacking how and why it deviates from the Fogel/Hulten characterization."
New paper by @MiyauchiYuhei, @EricDonald, & Fukui:
https://www.restud.com/unpacking-aggregate-welfare-in-a-spatial-economy/
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