Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of … creating a link. However, the interplay of such uncertainty and risk attitudes has been neglected in the network formation … literature. We propose a dynamic network formation model that builds on standard microeconomic concepts of utility maximization …

interdependence from joint extreme movements based on bivariate extreme value theory and classification analysis. Furthermore, we … propose a new ranking strategy regarding the influence of institutions based on the network effects and quantile regression … technique. We carry out a series of methods on systemically important financial institutions to show their efficiency and real …

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 …

, however, a conflict arises between efficiency and pairwise stability, due to a “size externality” not internalized by firms …

network. The network formation process can lead identical individuals to be in different positions and thus have different …