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Directed Generosity and Network Formation : Network Dimension Matters
D'Exelle, Ben - 2010
We explore network effects on generosity for different network dimensions. To this end we elicit multiple network … matters for friendship ties but that structural network variables are important in all network dimensions. Importantly, these … effects are not invariant across different network dimensions. We also find that individual characteristics are unrelated with …
Persistent link: https://www.econbiz.de/10013134886
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The Optimal Defense of Network Connectivity
Kovenock, Dan; Roberson, Brian - 2016
-theoretic model of attack and defense of a network in which the defender's objective is to maintain network connectivity and the … attacker's objective is to destroy a set of nodes that disconnects the network. The conflict at each node is modeled as a … which a single random [minimal] set of nodes that disconnects the network is attacked …
Persistent link: https://www.econbiz.de/10013000824
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Complex Financial Networks and Systemic Risk : A Review
Bougheas, Spiros - 2014
review is on studies that use network analysis paying special attention to those that apply complex analysis techniques …
Persistent link: https://www.econbiz.de/10013054029
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Risk-Sharing and Contagion in Networks
Cabrales, Antonio - 2014
We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays “fat” tails, extreme segmentation into small components is optimal, while minimal...
Persistent link: https://www.econbiz.de/10013055377
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Contagion in Financial Networks : A Threat Index
Demange, Gabrielle - 2015
Interbank claims are a concern to regulators as they might facilitate the dissemination of defaults and generate spill-over effects. Building on a simple model, this paper introduces a measure of the spill-over effects that a bank generates when it defaults. The measure is based on an explicit...
Persistent link: https://www.econbiz.de/10013023198
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Bank Networks : Contagion, Systemic Risk and Prudential Policy
Aldasoro, Iñaki - 2015
We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest … sale externalities. The resulting network configurations exhibits a core-periphery structure, dis-assortative behavior and … low clustering coefficient. We measure systemic importance by means of network centrality and input-output metrics and the …
Persistent link: https://www.econbiz.de/10013028909
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Location of Foreign Direct Investment in Vertically Related Markets
Milliou, Chrysovalantou - 2013
We provide an alternative explanation for the commonly observed FDI in developed countries (DCs) considering a vertically related market structure and endogenizing vertical technology transfer (VTT). We show that even though VTT is more costly in a less developed country (LDC), a multinational...
Persistent link: https://www.econbiz.de/10013086408
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The Impact of Thin Capitalization Rules on the Location of Multinational Firms' Foreign Affiliates
Merlo, Valeria - 2015
This paper examines how restrictions on the tax-deductibility of interest cost affect location choices of multinational corporations (MNCs). Many countries have introduced so-called thin-capitalization rules (TCRs) to prevent MNCs from shifting tax base to countries with lower tax rates. As of...
Persistent link: https://www.econbiz.de/10013018273
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Tax-Response Heterogeneity and the Effects of Double Taxation Treaties on the Location Choices of Multinational Firms
Behrendt, Simon - 2018
This paper examines location choices of multinational enterprises (MNEs). We particularly focus on the consequences of double taxation treaties (DTTs) and corporate profit taxes on the probability to choose a location. DTTs have become a key policy instrument used by countries to regulate...
Persistent link: https://www.econbiz.de/10012924353
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International Taxation and Multinational Firm Location Decisions
Barrios, Salvador; Huizinga, Harry; Laeven, Luc; … - 2021
Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...
Persistent link: https://www.econbiz.de/10013316424