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We study the formation of networks in environments where agents derive benefits from other agents directly linked to … them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider … networks with undirected links (e.g. epidemics, underground resistance organizations, trade networks) where we find that stable …
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The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
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