This paper examines a normal form game of network formation due to Myerson (Game theory: analysis of conflict, Harvard University Press, Cambridge, 1991). All players simultaneously announce the links they wish to form. ...

This paper presents a development of the so-called kinetic theory for active particles to the modeling of living, hence complex, systems localized in networks. The overall system is viewed as a network of interacting nodes, ...

This work aims to understand the interaction between competition and network formation in the banking market. Combining Matutes and Padilla (1994) and Matutes and Vives (2000), we build a model of imperfect bank competition ...

Recent financial crises posed a number of questions. The most salient were related to the cogency of derivatives and other sophisticated hedging instruments. One claim is that all those instruments rely heavily on the ...

Which individuals in a network make the most appealing teammates? Which invitations are most likely to be accepted? And which are most likely to be rejected? This study explores the factors that are most likely to explain ...