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We develop a network model whose links are governed by banks' optmizing decisions and by an endogenous tâtonnement … evolution of the network configuration under various prudential policy regimes, to measure banks' contribution to systemic risk …
Persistent link: https://www.econbiz.de/10012061026
multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their …
Persistent link: https://www.econbiz.de/10012062102
neighbors in the network to form exclusive long-term partnerships that guarantee reciprocal favor exchange. Refusing to provide … in every network. Equilibrium behavior is determined by the classification of nodes in the Gallai-Edmonds decomposition … of the underlying network. …
Persistent link: https://www.econbiz.de/10012104571
Theoretical models on network formation focus mostly on the stability and efficiency of equilibria, but they cannot … starting network. To study factors affecting equilibrium selection, we designed a network formation experiment with multiple … stage in which the network is disrupted. This setting allows us to analyze the interplay between the need for farsightedness …
Persistent link: https://www.econbiz.de/10012014878
This paper analyses the private provision of public goods where agents interact within a fixed network structure and … the concept of k-insulated set, any network supports a Nash equilibrium with no intermediate contributors. …
Persistent link: https://www.econbiz.de/10011856863
different predictions for the equilibrium network. Furthermore, the influence of the subjects' farsightedness on their decision …
Persistent link: https://www.econbiz.de/10011660635
endogenous structure of collaboration is represented by a weighted network. The agents are forward-looking and capable of …
Persistent link: https://www.econbiz.de/10011937299
placing its data on others’ storage devices, given the prevailing data loss rate in the network. The cost function of an agent … captures the cost that the agent incurs to maintain links in the network. With this utility function, we analyze what network … exists a pairwise stable network, which is also efficient. We show that all pairwise stable networks are efficient, and hence …
Persistent link: https://www.econbiz.de/10012167820
that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …
Persistent link: https://www.econbiz.de/10011735929
that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …
Persistent link: https://www.econbiz.de/10011737578