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Browsing Department of Economics (ECO) by Subject "D85"
Now showing items 1-8 of 8
Title:Risk-sharing and contagion in networks
Author(s):CABRALES, Antonio; GOTTARDI, Piero; VEGA-REDONDO, FernandoDate:2013Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The aim of this paper is to investigate how the capacity of an economic system to absorb shocks depends on the specific pattern of interconnections established among financial firms. The key trade-off at work is between ...
Title:Social Networks and the Process of “Globalization”
Author(s):DUERNECKER, Georg; VEGA-REDONDO, FernandoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We propose a stylised dynamic model to understand the role of social networks in the phenomenon we call “globalization.” This term refers to the process by which even agents who are geographically far apart come to interact, ...
Title:Network Games
Author(s):GALEOTTI, Andrea; GOYAL, Sanjeev; JACKSON, Matthew O.; VEGA-REDONDO, Fernando; YARIV, LeeatDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In a variety of contexts - ranging from public goods provision to information collection - a player's well-being depends on own action as well as on the actions taken by his or her neighbors. We provide a framework to ...
Title:Networks Emerging in a Volatile World
Author(s):EHRHARDT, Gorge; MARSILI, Matteo; VEGA-REDONDO, FernandoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The paper proposes a model to study the conditions under which complex networks emerge (or not) when agents are involved in a dynamic coordination setup. The focus, however, is not on the classical issue of equilibrium ...
Title:Eight Degrees of Separation
Author(s):PIN, PaoloDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We present a network formation game whose equilibria are undirected networks. Every connected couple contributes to the aggregate payoff by a fixed quantity, and the outcome is split between players according to the Myerson ...
Title:Network Organizations
Author(s):VEGA-REDONDO, FernandoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:It is common to define a network organization as one that is fast and flexible in adapting to changes in the underlying environment. But besides the short-run advantages of adaptability, fast changes in the structure of ...
Title:Structural holes in social networks
Author(s):GOYAL, Sanjeev; VEGA-REDONDO, FernandoDate:2007Type of Publication:ArticleAbstract:We consider a setting where every pair of players that undertake a transaction (e.g. exchange goods or information) creates a unit surplus. A transaction can take place only if the players involved have a connection. If ...
Title:Gravity and Information:Heterogeneous Firms, Exporter Networks and the ‘Distance Puzzle’
Author(s):KRAUTHEIM, SebastianDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Distance effects in empirical gravity equations appear to be too high to be explained by transport costs alone. Moreover, despite the strong and ongoing reduction of transport costs, the estimated coefficients are rather ...