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 …

Individuals have a strong tendency to coordinate with all their neighbors on social and economics networks … multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their …

This paper analyses a simultaneous game of network formation and information acquisition where the benefit structure is … such that the benefit that an agent derives from the network she is located in depends on the maximum information that … someone in her neighbourhood, including herself, acquires. It turns out that in equilibrium star network emerges as the unique …

' actions in terms of network paths and use this formula to characterize the set of networks where naive agents eventually learn …We study a sequential-learning model featuring a network of naive agents with Gaussian information structures. Agents … correctly. This characterization implies that, on all networks where later agents observe more than one neighbor, there exist …

equilibrium networks are nested split graphs. Additionally, we show that the game is a potential game, even when we introduce …

We introduce a model of strategic experimentation on social networks where forwardlooking agents learn from their own … own experimentation, so total information decreases with network density; we determine density thresholds below which … agents asymptotically learn the state. In contrast, agent welfare is single-peaked in network density, and achieves a second …

realistic interbank networks that preserve important characteristics of the original interbank market. The method loads the most … probable links with the largest exposures consistent with the total lending and borrowing of each bank, leading to networks …

if the network is 2-connected: that is, if no player can prevent the flow of information to another. In contrast, the …