Abstract
In this paper, we explore the two star Exponential Random Graph Model, which is a two parameter exponential family on the space of simple labeled graphs. We introduce auxiliary variables to express the two star model as a mixture of the β model on networks. Using this representation, we study asymptotic distribution of the number of edges, and the sampling variance of the degrees. In particular, the limiting distribution for the number of edges has similar phase transition behavior to that of the magnetization in the Curie-Weiss Ising model of Statistical Physics. Using this, we show existence of consistent estimates for both parameters. Finally, we prove that the centered partial sum of degrees converges as a process to a Brownian bridge in all parameter domains, irrespective of the phase transition.
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