Abstract
We consider an inhomogeneous Erdős-Rényi random graph with vertex set for which the pair of vertices , , is connected by an edge with probability , independently of other pairs of vertices. Here, is a symmetric function that plays the role of a reference graphon. Let be the maximal eigenvalue of the adjacency matrix of . It is known that satisfies a large deviation principle as . The associated rate function is given by a variational formula that involves the rate function of a large deviation principle on graphon space. We analyse this variational formula in order to identify the properties of , specially when the reference graphon is of rank 1.
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