Showing 1 - 10 of 1,715
that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …
Persistent link: https://www.econbiz.de/10012944880
The global financial crisis of 2007-2009 spread through different channels from its origin in the United States to large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify their relative importance for this transmission....
Persistent link: https://www.econbiz.de/10012920861
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
-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
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
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
Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central banks play complex, long horizon games and face more than one tradeoff. We account for these issues in a simple infinite horizon game with a novel tradeoff: higher rates deter...
Persistent link: https://www.econbiz.de/10013080504
The paper analyses the effects of the monetary policy crisis management of the European Central Bank on the economic order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller-Armack (1966) has been a core element of growth,...
Persistent link: https://www.econbiz.de/10012960114
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …
Persistent link: https://www.econbiz.de/10013001168
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 …-1994. The interaction of this pre-existing network structure with patent growth in upstream technology fields has strong …
Persistent link: https://www.econbiz.de/10012977470