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The purpose of this study is to assess the resilience of financial systems to exogenous shocks using techniques drawn from the theory of complex networks. We investigate by means of Monte Carlo simulations the fragility of several network topologies using a simple default model of contagion...
Persistent link: https://www.econbiz.de/10012898259
We study a two-layer parametric nonlinear dynamic model of corruption deterrence with a simple overlapping generations structure. In a series of scenarios simulated, we find that increased resources dedicated to corruption deterrence schemes together with increased fines and higher wage rates...
Persistent link: https://www.econbiz.de/10014083216
This paper defines a variety of game theoretic solution concepts in the language of soft set theory. We begin by defining the Nash equilibrium in pure strategies. We assume that the gains of the players are totally ordered and non-desirable alternatives are absent. Moreover, we introduce the...
Persistent link: https://www.econbiz.de/10014255142
Persistent link: https://www.econbiz.de/10014286779