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 …

The paper proposes a game of weighted network formation in which each agent has a limited resource to form links of …, uniquely predicts the equilibrium values of each agent's network investment and utility level, as well as the ratio of any two …

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 …

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 …

that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …

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 …