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The formation of a core periphery structure in heterogeneous financial networks

Veld, Daan in 't; Leij, Marco van der; Hommes, Cars H. - 2014

at giving an economic explanation for the emergence of such a structure using network formation theory. Focusing on …

Persistent link: https://www.econbiz.de/10010384387

Matta, Rafael; Perotti, Enrico C. - 2016 - This Draft: October 18, 2016

asset liquidity risk arises even under minimal fundamental risk. To study the role of illiquidity we introduce realistic … not available in a run, asset liquidity risk has a concave effect on run incentives, quite unlike fundamental risk. Runs … are rare when asset liquidity is abundant, become more frequent as it falls and decrease again under very low asset …

Persistent link: https://www.econbiz.de/10011556199

Diffusion of behavior in network games orchestrated by social learning

Huang, Jiaping; Koster, Maurice; Lindner, Ines - 2013

The novelty of our model is to combine models of collective action on networks with models of social learning. Agents are connected according to an undirected graph, the social network, and have the choice between two actions: either to adopt a new behavior or technology or stay with the default...

Persistent link: https://www.econbiz.de/10010227321

Strategic liquidity provision in limit order markets

Back, Kerry E.; Baruch, Shmuel - In: Econometrica : journal of the Econometric Society, an … 81 (2013) 1, pp. 363-392

Persistent link: https://www.econbiz.de/10009719090

Exploitation and cooperation in networks

Galeotti, Andrea; Meléndez-Jiménez, Miguel A. - 2004

A fundamental question in social sciences is how trust emerges. We provide an answer which relies on the formation of social and economic relationships. We argue that behind trust lies the fact that individuals invest in connections taking into account the potential externalities networks...

Persistent link: https://www.econbiz.de/10011335196

One-way flow networks : the role of heterogeneity

Galeotti, Andrea - 2004

I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...

Persistent link: https://www.econbiz.de/10011334833

Network formation under heterogeneous costs : the multiple group model

Kamphorst, Jurjen; Laan, Gerard van der - 2004

It is widely recognized that the shape of networks influences both individual and aggregate behavior. This raises the question which types of networks are likely to arise. Our paper fits into the literature that addresses this question. The paper continues on the work of Galeotti, Goyal and...

Persistent link: https://www.econbiz.de/10011334857

Directed search in the housing market

Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2009

In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...

Persistent link: https://www.econbiz.de/10011379608

Learning, network formation and coordination

Goyal, Sanjeev; Vega-Redondo, Fernando - 2000 - Rev. vers

Persistent link: https://www.econbiz.de/10001528099

A non-cooperative theory of network formation

Bala, Venkatesh; Goyal, Sanjeev - 1999

Persistent link: https://www.econbiz.de/10001371215

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