Efficiency of Stochastic Transfers in a Directed Graph

A mathematical model of a directed graph with stochastic transfers is presented. It will be used to analyze the optimality (or "competitiveness") properties of a network of transactions involving risky transfers of assets in an economic system. These properties are discussed in a model with some specific directed graph structures which result in a decomposition of the graph into parts with "narrow" linkage.

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Year of publication:	1999-02
Authors:	Yamazaki, Akira
Institutions:	Graduate School of Economics, Hitotsubashi University

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1998-12 18 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004992514