Economic Theory

Lattice Theory and Applications to Financial Networks

Matt Elliott (University of Cambridge)

Topic: Network theory.

HANDOUT I

Lecture 1 (Monday, September 9): Lattice theory and applications to financial networks

  1. Tarski's fixed point theorem: Echenique (2005, IJGT)
  2. Applications to fixed market clearing prices in the financial networks literature: Eisenberg and Noe (2001), Rogers and Veraat (2013)
  3. Applications to contagion in financial markets: Elliott, Golub and Jackson (AER, 2014)

Lecture 2 (Tuesday, September 10): Supply networks. Based on these two papers:

  1. Supply Network Formation and Fragility, Elliott, Golub, Leduc (2022)
  2. Supply Chain Disruptions, the Structure of Production Networks, and the Impact of Globalization, Elliott and Jackson (2024)

Website

Schedule