Macroeconomic theories have traditionally been tested using nonexperimental field data,
most often national income account data on GDP and its components. This practice follows …

Modern banking systems are highly interconnected. Despite various benefits, linkages
between banks carry the risk of contagion. In this article, I investigate whether banks can …

We present an economic experiment on network formation, in which subjects can decide to
form links to one another. Direct links are costly but being connected is valuable. The game …

This paper reports results from a laboratory experiment on network formation among
heterogeneous agents. The experimental design extends the Bala–Goyal [Bala, V., Goyal …

Modern banking systems are highly interconnected. Despite their various benefits, linkages
between banks carry the risk of contagion. In this paper I investigate whether banks can …

In this paper, we describe a series of laboratory experiments that implement specific
examples of a general network structure. Specifically, actions are either strategic substitutes …

Coordination problems resembling weakest-link games with multiple Pareto ranked
equilibria are ubiquitous in the economy and society. This makes it important to understand …

While the significance of networks in various human behavior and activities has a history as
long as human's existence, network awareness is a recent scientific phenomenon. The …

This paper reviews research on dynamic network games that has been carrying out in Saint
Petersburg State University since 2009. We focus on the problem of cooperation in dynamic …

The Prisoner's Dilemma is one of the most fiercely debated thought experiments in
philosophy and the social sciences, presenting the simple insight that when two or more …