Browsing ECO Working Papers by Author "VEGA-REDONDO, Fernando"

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Browsing ECO Working Papers by Author "VEGA-REDONDO, Fernando"

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    Title: Risk-sharing and contagion in networks  Author(s): CABRALES, Antonio; GOTTARDI, Piero; VEGA-REDONDO, Fernando Date: 2013 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...
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    Title: Social Networks and the Process of “Globalization”  Author(s): DUERNECKER, Georg; VEGA-REDONDO, Fernando Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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, ...
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    Title: Being Close to Grow Faster: A network-based empirical analysis of economic globalization  Author(s): DUERNECKER, Georg; MEYER, Moritz; VEGA-REDONDO, Fernando Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Globalization features one of the major global trends which shape economic outcomes in developing and developed countries. Standard results from the empirical growth literature suggest that participation in worldwide trade ...
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    Title: Peer Effects and Peer Avoidance: Epidemic Diffusion in Coevolving Networks  Author(s): FOSCO, Constanza; MARSILI, Matteo; VEGA-REDONDO, Fernando Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We study the long-run-emergency of behavioral patterns in dynamic complex networks. Individuals display two kinds of behavior: G("good") or B ("bad"). We assume that agents have an innate tendency towards G, but can also ...
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    Title: Error Cascades in Observational Learning: An Experiment on the Chinos Game  Author(s): FERI, Francesco; MELÉNDEZ-JIMÉNEZ, Miguel A.; PONTI, Giovanni; VEGA-REDONDO, Fernando Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The paper reports an experimental study based on a variant of the popular Chinos game, which is used as a simple but paradigmatic instance of observational learning. There are three players, arranged in sequence, each of ...
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    Title: Network Games  Author(s): GALEOTTI, Andrea; GOYAL, Sanjeev; JACKSON, Matthew O.; VEGA-REDONDO, Fernando; YARIV, Leeat Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...
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    Title: Network Organizations  Author(s): VEGA-REDONDO, Fernando Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...
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    Title: Networks Emerging in a Volatile World  Author(s): EHRHARDT, Gorge; MARSILI, Matteo; VEGA-REDONDO, Fernando Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...