Efficiency of Stochastic Transfers in a Directed Graph
AbstractA 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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Bibliographic InfoPaper provided by Graduate School of Economics, Hitotsubashi University in its series Discussion Papers with number 1998-12.
Length: 18 p.
Date of creation: Feb 1999
Date of revision:
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- Hiroshi Fujiki & Edward J. Green & Akira Yamazaki, 1999. "Sharing the risk of settlement failure," Working Papers 594, Federal Reserve Bank of Minneapolis.
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