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Web of Trust vs other models



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I was thinking last night that it would be interesting to run a simulation
  of web of trust, using the following parameters:


There are a pool of 1 million keys.  Each of those keys is signed by between
  two and 5 other randomly chosen keys in the pool.  
  Each signature implies a trust relation between the key and the signer.

Given that, determine mean, min, and max path lengths for purposes of
  "certification".

Has anyone done this experiment?

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--
----------------------------------------------------------------------
Marcus Leech                   Mail: Dept 4C16, MS 238, CAR
Systems Security Architect     Phone   : (ESN) 395-4901  (613) 763-9145
Systems Security Services      Fax     : (ESN) 393-7679  (613) 763-7679
Nortel Technologies            mleech@bnr.ca
-----------------Expressed opinions are my own, not my employers------