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Inequality and Network Structure
Iyengar, Garud - 2008
networks and show that those with larger maximum independent sets can sustain greater levels of inequality. The intuition … behind this result is that networks with larger maximum independent sets are more sparse and hence offer fewer opportunities … show that the ranking of networks by the extent of extremal inequality is not invariant in k …
Persistent link: https://www.econbiz.de/10012723139
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A Taxonomy of Best-Reply Multifunctions in 2x2x2 Trimatrix Games
Gonzalez-Alcon, Carlos M.; Borm, Peter; Hendrickx, Ruud - 2007
This paper provides an overview of the various shapes the bestreply multifunctions can take in 2x2x2 trimatrix games. It is shown that, unlike in 2x2 bimatrix games, the best replies to the opponents pure strategies do not completely determine the structure of the Nash equilibrium set
Persistent link: https://www.econbiz.de/10014052878
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Director Networks and Takeovers
Renneboog, Luc - 2013
We study the impact of corporate networks on the takeover process. We find that better connected companies are more …
Persistent link: https://www.econbiz.de/10013074605
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Macro-Prudential Assessment of Colombian Financial Institutions’ Systemic Importance
León, Carlos - 2014
Three metrics are designed to assess Colombian financial institutions' size, connectedness and non-substitutability as the main drivers of systemic importance: (i) centrality as net borrower in the money market network; (ii) centrality as payments originator in the large-value payment system...
Persistent link: https://www.econbiz.de/10013052071
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Liquidity and Counterparty Risks Tradeoff in Money Market Networks
León, Carlos - 2016
We examine how liquidity is exchanged in different types of Colombian money market networks (i.e. secured, unsecured …, and central bank's repo networks). Our examination first measures and analyzes the centralization of money market networks … types of money market networks diverge in their centralization, and in how they balance counterparty risk and liquidity risk …
Persistent link: https://www.econbiz.de/10012994204
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A Simulation Study of an ASEAN Monetary Union
Boldea, Otilia - 2011
This paper studies the pros and cons of a monetary union for the ASEAN1 countries, excluding Myanmar. We estimate a stylized open-economy dynamic general equilibrium model for the ASEAN countries. Using the framework of linear quadratic differential games, we contrast the potential gains or...
Persistent link: https://www.econbiz.de/10013132355
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Excess Based Allocation of Risk Capital
van Gulick, Gerwald - 2010
In this paper we propose a new rule to allocate risk capital to portfolios or divisions within a firm. Specifically, we determine the capital allocation that minimizes the excesses of sets of portfolios in lexicographical sense. The excess of a set of portfolios is defined as the expected loss...
Persistent link: https://www.econbiz.de/10013135329
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A Technical Note on Lorenz Dominance in Cooperative Games
Branzei, Rodica - 2010
In this paper we provide some technical results related to the Lorenz dominance, which allow to prove that the allocation obtained by the algorithm in Dutta and Ray (1989), when exists, and the elements of the equal split-off set always Lorenz dominate every allocation in the core of the game
Persistent link: https://www.econbiz.de/10013137212
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The Communication Tree Value for TU-Games with Graph Communication
Huseynov, Tural - 2012
A new solution is presented for transferable utility games with graph communication where the cooperation possibilities are represented by a graph. Players are only able to cooperate and obtain some worth in a coalition if they form a connected set in the given graph. To determine the payoff for...
Persistent link: https://www.econbiz.de/10013097263
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Family Sequencing and Cooperation
Grundel, Soesja - 2012
This paper analyzes a single-machine scheduling problem with family setup times both from an optimization and a cost allocation perspective. In a so-called family sequencing situation jobs are processed on a single machine, there is an initial processing order on the jobs, and every job within a...
Persistent link: https://www.econbiz.de/10013106485