Nonprofit organizations provide an array of important social goods and services including arts, education and health care. Consequently, the nonprofit sector is a growing area of interest for management and strategy scholars. Existing theories of nonprofit organizations posit a menu of...

In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability to meet its liquidity demand. We use quarterly...

This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with endogenous absorptive capacity. The networks emerge as a result of bilateral cooperation over time between firms occupying different locations in the knowledge space. Social...

The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...

Co-creation of value is inseparable from its capturing by the various participants in the network. While the quality of the cooperation determines the co-created value, the value appropriation strategy of the participants affects the quality of the cooperative efforts. The paper presents the...

The urban space paper is introduced by a brief “report” on the founding of Rome by Romulus; he traced a furrow and thereby defined the urban space. The core of the paper, however, defines the urban space by the dimension of collective decision making expressed in the form of voting games. It...

Recent empirical evidence suggests that financial networks exhibit a core periphery network structure. This paper aims at giving an economic explanation for the emergence of such a structure using network formation theory. Focusing on intermediation benefits, we find that a core periphery...

In a wide variety of social settings (e.g. crime, education, political activism, technology adoption), players' returns to their efforts depend on how much effort others exert. Modeling these situations as a network game with strategic complementarities, we show that a player's cycle centrality...

This paper studies the impact of collaboration on research output. First, we build a micro founded model for scientific knowledge production, where collaboration between researchers is represented by a bipartite network. The equilibrium of the game incorporates both the complementarity effect...