Acemoglu, Daron; Ozdaglar, Asuman; Tahbaz-Salehi, Alireza - National Bureau of Economic Research (NBER) - 2015
This chapter develops a unified framework for the study of how network interactions can function as a mechanism for propagation and amplification of microeconomic shocks. The framework nests various classes of games over networks, models of macroeconomic risk originating from microeconomic...