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We consider an incomplete information network game in which agents’ information is restricted only to the identity of … walks they have in the network. Our model clearly demonstrates how asymmetric information based on network position and the … identity of agents affect strategic behavior in such network games. We also characterize agent behavior in equilibria under …
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Using a specially designed experiment, we investigate whether and how interdependence in risk exposure i.e., risk taking by some members of a potential risk sharing group affecting not only their own but also their co-members risk exposure, affects both risk taking and ex post sharing. The...
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network. The network formation process can lead identical individuals to be in different positions and thus have different …
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probability and potential impact of contagion is influenced by aggregate and idiosyncratic shocks, changes in network structure … future robustness. -- Contagion ; network models ; systemic risk ; liquidity risk ; financial crises …
Persistent link: https://www.econbiz.de/10003944765
network exposures. We study the problem of designing a network that provides the right individual incentives. Motivated by … cybersecurity, we first study the situation where the threat to the network comes from an intelligent adversary. We show that, by … addressed by disconnecting the network into two unequal components and sacrificing some nodes. At high costs, under …
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