payments. We show that: (i) The degree of insurance is governed by the expansiveness of the network, measured with the per …

their existing network of contacts to remotely search for new partners. I characterize the dynamic formation of an … international network of exporters in this model. I structurally estimate this model on French data and confirm its predictions …

We study the departure time decisions of commuters traversing a traffic network with the goal of arriving at a common … certain parameter values, expanding the capacity of an upstream bottleneck can increase the total travel costs in the network …

Geography and social links shape economic interactions. In industries, schools, and markets, the entire network … network measure: the lowest eigenvalue. This paper is the first to uncover the importance of the lowest eigenvalue to economic … and social outcomes. It captures how much the network amplifies agents' actions. The paper combines new tools …

internalizing only network externalities to marginal users. Thus the empirical and prescriptive content of the popular Jean …

of negative shocks affecting financial institutions are sufficiently small, a more densely connected financial network …