from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …

systems. Our main finding is that merger activities can stabilize or destabilize the modelled financial network, depending on … various details such as the connectivity of the network and the assumed merger process. Merger activities can increase … resilience of financial systems based on different network models. We investigate the impact of a wide variety of model …

analyzes a learning model with endogenous network formation in which people have different types and live in different regions …

theoretical findings, we estimate an empirical network from industry cash flows and find support for these predictions. …

Consumers can acquire information through their own search efforts or through their social network. Information … show how market prices depend on the characteristics of the network and on search cost. For example, if the search cost …

This paper is concerned with exploring the implications of replicability issues over the medical innovation process … institution governing the testing effort. Research and innovation policy implications are discussed. …

can be hired from the current network. In particular, it is possible that the further away a candidate is in the network … foundations of the search process are presented. An empirical application to a board interlock network demonstrates that the model …

that can best be characterized as a shrinking of the interbank network. Such a change in the network structure is … consequential: banks with higher centrality within the network have better access to liquidity and are able to charge larger …