We create a framework to analyze the timing and frequency of instantaneous interactions between pairs of entities. This type of interaction data is especially common nowadays and easily available. Examples of instantaneous interactions include email networks, phone call networks, and some common types of technological and transportation networks. Our framework relies on a novel extension of the latent position network model: we assume that the entities are embedded in a latent Euclidean space and that they move along individual trajectories which are continuous over time. These trajectories are used to characterize the timing and frequency of the pairwise interactions. We discuss an inferential framework where we estimate the individual trajectories from the observed interaction data and propose applications on artificial and real data.

We derive properties of latent variable models for networks, a broad class of models that includes the widely used latent position models. We characterize several features of interest, with particular focus on the degree distribution, clustering coefficient, average path length, and degree correlations. We introduce the Gaussian latent position model, and derive analytic expressions and asymptotic approximations for its network properties. We pay particular attention to one special case, the Gaussian latent position model with random effects, and show that it can represent the heavy-tailed degree distributions, positive asymptotic clustering coefficients, and small-world behaviors that often occur in observed social networks. Finally, we illustrate the ability of the models to capture important features of real networks through several well-known datasets.