Abstract In response to rapidly changing market and customer needs, product design development (PDD) is evolving into a human-centred data-driven paradigm. The environment gets more open often involving crowdsourcing the process becomes complex, considering family along whole lifecycle development, needing data support. Therefore, it critical effectively capture, share, manage design-related in...

This paper considers a model of economic network characterized by an endogenous architecture and frictions in the relations among agents as described in Bala and Goyal (2000). We propose a similar network model with the difference that frictions in the relations among agents are endogenous. Frictions are modeled as dependent on the result of a coordination game, played by every pair of directly...

This paper proposes a model of network interactions in the interbank market. Our innovation is to model systemic risk in the interbank network as the propagation of incentives or strategic behavior rather than the propagation of losses after default. Transmission in our model is not based on default. Instead, we explain bank profitability based on competition incentives and the outcome of a str...