different predictions for the equilibrium network. Furthermore, the influence of the subjects' farsightedness on their decision …

different predictions for the equilibrium network. Furthermore, the influence of the subjects' farsightedness on their decision …

to migrate transmission activity from existing social networks to a core-periphery insider network. A small group of …

how financial stability depends on bank network structure. In my model, banks are connected through two layers of networks … topologies of the two network layers interact with each other. Comparative statics of a small number of banks indicates that, in …. Furthermore, I conduct numerical computations for bank default probabilities in a circle network and a more connected network. The …

This paper introduces a model of endogenous network formation and systemic risk. In it, agents form networks that … generate higher interconnectedness, which in turn leads to higher systemic risk. Third, the structure of the network formed … shocks are perfectly correlated, the network formed is a complete graph, i.e., a link between every pair of agents. This …

We model contagions and cascades of failures among organizations linked through a network of financial … interdependencies. We identify how the network propagates discontinuous changes in asset values triggered by failures (e … diversification connect the network which permits cascades to propagate further, but eventually, more diversification makes contagion …

We consider a class of cooperative network games with transferable utilities in which players interact through a … probabilistic network rather than a regular, deterministic network. In this class of wealth-generating situations we consider … probabilistic extensions of the Myerson value and the position value. For the subclass of probabilistic network games in multilinear …

Consider a population of n players playing a variant of Myerson's network formation model. Each player simultaneously … call the outcome of the network formation model a k-uniform Myerson graph and study the distribution of matchings on such …

We develop a model of social preferences for network games and study its predictions in a local public goods game with … a property of the network structure: neighborhood nestedness. This means that equilibrium selection succeeds in small …

networks to a core-periphery insider network. A small group of agents endogenously arise as intermediaries for the bulk of …