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A C D E F M S T 利杠 All

The Nexus between Social Capital and Bank Risk Taking
Wenjing Xie, Haoyuan Ding, Terence Tai Leung Chong ( 2016 )
Publication in refereed journal
View Full-text in CUHK:
61462871.pdf
Digital Object Identifier (DOI): http://dx.doi.org/10.3390/jrfm9030009
This paper investigates the effect of cascade of detection, that is, how detection of a criminal triggers detection of his network neighbors, on criminal network formation. We develop a model in which criminals choose both links and actions. We show that the degree of cascade of detection plays an important role in shaping equilibrium criminal networks. Surprisingly, greater cascade of detection could reduce ex ante social welfare. In particular, we prove that full cascade of detection yields a weakly denser criminal network than that under partial cascade of detection. We further characterize the optimal allocation of the detection resource and demonstrate that it should be highly asymmetric among ex ante identical agents
SUN, Yufeng, DENG Liuchun ( 2016 )
Refereed conference paper presented and published in conference proceedings

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