Innovations in Financial and Economic Networks

Press Release

Innovations in Financial and Economic Networks

(New Dimensions in Networks)

Anna Nagurney, Editor

Description: The study of networks and their applications has had a long tradition in engineering, operations research/management science, as well as in computer science. More recently, the fields of finance and economics have come to be rich sources of network-based applications. Interest from such disciplines has also been supported, in part, by the greater availability and development of network-based methodologies which allow for the computation of solutions to models.

The role of networks in economics and finance has gained prominence for a variety of reasons:

1. the emergence of industries that are clearly network-based, from transportation and logistics companies, to telecommunication, energy, and power companies, which provide the foundations for economies;
2. the recognition of the interdependence between/among many network systems, such as telecommunications with finance; telecommunications with transportation in the form of electronic commerce, for example, and telecommunications with a variety of energy transmission mechanisms;
3. the recognition that new relationships between economic agents in terms of competition and cooperation are giving rise to new supply chains as well as new financial networks;
4. the realization of the importance of networks in terms of infrastructure and the pricing of their usage as well as the management of risk and uncertainty surrounding networks; and
5. interest in the dynamics surrounding networks and their evolution over space and time.

This volume brings together contributors who are doing leading edge research and will serve as a valuable resource to researchers, students, and practitioners in this area as well as those in related areas who would like to know more about financial and economic networks.

Table of Contents

Preface

Chapter 1

Authors (Affiliations):	Chapters:
Anna Nagurney	Financial and Economic Networks: An Overview
Vladimir Boginski, Sergiy Butenko, and Panos M. Pardalos	On Structural Properties of the Market Graph
Nalan Gulpinar, Berc Rustem, and Reuben Settergren	Multistage Stochastic Mean-Variance Portfolio Analysis with Transaction Costs
John M. Mulvey, Koray D. Simsek, and Bill Pauling	A Stochastic Network Approach for Integrated Pension and Corporate Financial Planning
Patrizia Daniele	Variational Inequalities for Evolutionary Financial Equilibrium
Stijn Claessens, Gergely Dobos, Daniela Klingebiel, and Luc Laeven	The Growing Importance of Networks in Finance and Its Effects on Competition
Anna Nagurney and Jose Cruz	International Financial Networks with Electronic Transactions
Stephen M. Law, Alexandra E. MacKay, and James F. Nolan	Using Financial Options to Hedge Transportation Capacity in a Deregulated Rail Industry
Ding Zhang, June Dong, and Anna Nagurney	A Supply Chain Network Economy: Modeling and Qualitative Analysis
Soulaymane Kachani and Georgia Perakis	Applications of Fluid Modelling in Distribution Systems
Floortje Alkemade, J. (Han) A. La Poutre, and Hans M. Amman	An Agent-Based Evolutionary Trade Network Simulation
Mark Pingle and Leigh Tesfatsion	Evolution of Worker-Employer Networks and Behaviors Under Alternative Non-Employment Benefits: An Agent-Based Computational Study
Xianjun Geng, Ram Gopal, R. Ramesh, and Andrew B. Whinston	Capacity Provision Networks: A Technology Framework and Economic Analysis of Web Cache Trading Hubs

Authors and their Affiliations:

Floortje Alkemade
The Netherlands National Research
Center for Mathematics and Computing
Science (CWI)
PO Box 94079, 1090 GB
Amsterdam, The Netherlands

Hans M. Amman
School of Technology Management
Technical University Eindhoven
PO Box 513
5600 MB Eindhoven, The Netherlands

Vladimir Boginski
Industrial and Systems Engineering
Department
University of Florida
303 Weil Hall
Gainesville, Florida 32611

Sergei Butenko
Industrial and Systems Engineering
Department
University Of Florida
303 Weil Hall
Gainesville, Florida 32611

Stijn Claessens
The Finance Group
University of Amsterdam
Roetersstraat 11
1018 WB Amsterdam, The Netherlands

Jose Cruz
Department of Finance and Operations Management
Isenberg School of Management
University of Massachusetts
Amherst, Massachusetts

Patrizia Daniele
Department of Mathematics and
Computer Sciences
University of Catania
Viale A. Doria, 6-95125
Catania, Italy

Gergely Dobos
Groupe de Recherche en Economie
Mathematique et Quantitative
Universite de Toulouse 1 -- Sciences Sociales
Bureau MF 007
Manufacture des Tabacs
31042 Toulouse Cedex, France

June Dong
Department of Management and Marketing
School of Business
State University of New York at Oswego
Oswego, New York, 13126

Xianjun Geng
Center for Research in Electronic Commerce
Department of Management Science & Information Systems
University of Texas at Austin
Austin, Texas 789712

Ram Gopal
Department of Operations and Information Management
Room 376, School of Business
University of Connecticut
2100 Hillside Road, U-1041 IM
Storrs, Connecticut 06269-2041

Nalan Gulpinar
Department of Computing
Imperial College of Science
Technology, and Medicine
180 Queen's Gate
London SW7 2RH, United Kingdom

Soulaymane Kachani
Department of Industrial Engineering and Operations Research
Columbia University, New York 10027

Daniela Klingebiel
The World Bank
1818 H Street NW
Washington, DC 20433

J. (Han) A. La Poutre
The Netherlands National Research Center for Mathematics and Computing Science (CWI)
PO Box 94079
1090 GB Amsterdam, The Netherlands

Luc Laeven
The World Bank,
1818 H Street NW
Washington, DC 20433

Stephen M. Law
Department of Economics
Mount Allison University
Sackville, New Brunswick, E4L 1A7 Canada

Alexandra E. MacKay
Rotman School of Management
University of Toronto
105 St. George Street
Toronto, Ontario, M5S 3E6 Canada

John M. Mulvey
Department of Operations Research and Financial Engineering
Bendheim Center for Finance
Princeton University
Princeton, New Jersey, 08544

Anna Nagurney
Department of Finance and Operations Management
Isenberg School of Management
University of Massachusetts
Amherst, Massachusetts 01003

James F. Nolan
Department of Agricultural Economics
University of Saskatchewan
51 Campus Drive
Saskatoon, Saskatchewan, S7N 5A8 Canada

Panos M. Pardalos
Industrial and Systems Engineering Department
University of Florida
303 Weil Hall
Gainesville, Florida, 32611

Bill Pauling
Towers Perrin
Centre Square
1500 Market Street
Philadelphia, Pennsylvania 19102

Georgia Perakis
Sloan School of Management
MIT, Room E53-359
Cambridge, Massachusetts 02139

Mark Pingle
Department of Economics
University of Nevada
Reno, Nevada 89557-0016

R. Ramesh
Department of Management Science & Systems
School of Management
State University of New York at Buffalo
Buffalo, New York 14260

Berc Rustem
Department of Computing
Imperial College of Science
Technology and Medicine
180 Queen's Gate
London SW7 2RH, United Kingdom

Reuben Settergren
Department of Computing
Imperial College of Science
Technology and Medicine
180 Queen's Gate
London SW7 2RH, United Kingdom

Koray D. Simsek
Department of Operations Research and Financial Engineering
Princeton University
Princeton, New Jersey 08544

Leigh Tesfatsion
Department of Economics
Iowa State University
Ames, Iowa 50011-1070

Andrew B. Whinston
Center for Research in Electronic Commerce
Department of Management Science & Information Systems
University of Texas at Austin
Austin, Texas 78712

Ding Zhang
Department of Management and Marketing
School of Business
State University of New York at Oswego
Oswego, New York, 13126

Last Update: July 25, 2006