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financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of … the supply network determine both whether aggregate volatility disappears as the number of sectors increases (i … aggregate output from its mean) to sector-specific volatility and to the structural properties of the supply network …
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in the context of a network formation game (where links can be interpreted as friendships in a social network … acquiring the information with others) through a percolation process over the equilibrium network. Privacy concerns are modeled …
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specialized enforcement technology is sufficiently effective, cooperation is best sustained by a "single enforcer punishment … following deviations by regular agent is that such actions, by reducing future cooperation, would decrease the amount of …
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