We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … new employee via the social network. …

Two project leaders (or entrepreneurs) in a network, which captures social relations, recruit players in a strategic … selects one equilibrium at a time. An agent's expected payoff is related to his position in the network, though no centrality …

The Lightning Network is a decentralized payment network built on top of a block-chain, in which intermediary nodes … provide a trust-less routing service for end users. We provide an overview of the current state of the network and show that … strategically on the network. Those strategic interactions between nodes can be described by a Bertrand competition model with …

This paper explores the manner in which the structure of a social network constrains the level of inequality that can … be sustained among its members. We assume that any distribution of value across the network must be stable with respect … network. We show that if the network is bipartite, there is a unique stable payoff distribution that is maximally unequal in …

I look at the equilibrium effects of homophily in network formation games having positive externalities. I show that … very weak preferences for network effects (such as preference for being part of a clique) may result in very high levels of … homophily at equilibrium. I present an empirical procedure that allows an evaluation of the role of network effects on the …

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 …

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 …