Previously, theories of network exchange and their applications focused onl
y on static configurations. The purpose of this paper is to show that excha
nge networks with dynamic structures can be analyzed using Network Exchange
Theory (NET) even though that theory was developed with only static networ
ks in mind. The Exchange Seek Likelihood (ESL) and Optimal-Seek methods of
NET are used. Hypotheses, which focus on network dynamics from the perspect
ive of the network as a whole and from the perspective of individual actors
, are both considered. The only previous paper on exchange networks with dy
namic structures is that of Leik [Leik, Robert K. 1992. New directions for
NET: stategic manipulation of network linkages. Social Networks. 14: 309 -
324.]. Since the issues he considered continue to be significant, we use hi
s paper to guide our analysis, offering new hypotheses and conjectures for
the issues he considered. (C) 2000 Elsevier Science B.V. All rights reserve
d.