Cooperation in multi-agent systems is necessary in order to perform complex tasks and lead Multi-agent System (MAS) towards its objective. Contract-Net Protocol (CNP) is one of the communication and coordination mechanisms used by multi-agent systems which prefer cooperation through interaction...

We develop a dynamic model of banking to assess the effects of liquidity and leverage requirements on banks' insolvency risk. In this model, banks face taxation, flotation costs of securities, and default costs and maximize shareholder value by making their financing, liquid asset holdings, and...