How likely is an i.i.d. degree sequence to be graphical?
  Given i.i.d. positive integer valued random variables D_1,...,D_n, one can ask whether there is a simple graph on n vertices so that the degrees of the vertices are D_1,...,D_n. We give sufficient conditions on the distribution of D_i for the probability that this be the case to be asymptotically 0, {1/2} or strictly between 0 and {1/2}. These conditions roughly correspond to whether the limit of nP(D_i\geq n) is infinite, zero or strictly positive and finite. This paper is motivated by the problem of modeling large communications networks by random graphs. 
Richard Arratia and Thomas M. Liggett