We model contagions and cascades of failures among organizations linked through a network of financial interdependencies. We identify how the network propagates discontinuous changes in asset values triggered by failures (e.g., bankruptcies, defaults, and other insolvencies) and use that to...

Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network structure as fixed. In many situations, however, the network structure can be altered by players. This means that the value of alternative network structures (not just sub-networks)...

Frontmatter -- Contents -- Preface -- PART I. BACKGROUND AND FUNDAMENTALS OF NETWORK ANALYSIS -- PART II. MODELS OF NETWORK FORMATION -- PART III. IMPLICATIONS OF NETWORK STRUCTURE -- PART IV. METHODS, TOOLS, AND EMPIRICAL ANALYSES -- Afterword -- Bibliography -- Index