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 …

multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their …

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

stable way that facilitates overall resource access throughout the network. We study structures for efficient integration of …

This paper studies how systemic risk can appear when rational agents establish derivative contracts in a fixed network … spread the risks throughout the network and harmonize the amount of capital agents tie up respectively to their exposure …

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 …

High levels of clustering—the tendency for two nodes in a network to share a neighbor—are ubiquitous in economic and … otherwise separate network regions, representing rewards for filling “structural holes” in the sense of Burt (1992) and keeping … distances in networks short. This paper proposes a parsimonious model of network formation with introductions and intermediation …

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 …