We propose a novel mechanism to facilitate understanding of systemic risk in financial markets. The literature on … systemic risk has focused on two mechanisms, common shocks and domino-like sequential default. Our approach is a formal model … equilibrium behavior, we have a tractable way to bring the model to the data. Indeed, our measures of systemic risk capture the …

We propose a novel mechanism to facilitate understanding of systemic risk in financial markets. The literature on … systemic risk has focused on two mechanisms, common shocks and domino-like sequential default. Our approach is a formal model … to bring the model to the data. Indeed, our measures of systemic risk capture the propagation of shocks in a wide variety …

We propose a novel mechanism to facilitate understanding of systemic risk in financial markets. The literature on … systemic risk has focused on two mechanisms, common shocks and domino-like sequential default. Our approach is a formal model … to bring the model to the data. Indeed, our measures of systemic risk capture the propagation of shocks in a wide variety …

about the quality of a new technology and on their risk attitudes. We test the predictions of this model using a randomized … farmers who are more risk-averse tend to adopt the technology less and are less influenced by their treated peers. Our results …

about the quality of a new technology and on their risk attitudes. We test the predictions of this model using a randomized … farmers who are more risk-averse tend to adopt the technology less and are less influenced by their treated peers. Finally, a … about the quality of the technology circulated among farmers as well as their degree of risk aversion. …