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We consider the matching with contracts framework of Hatfield and Milgrom when one side (a firm or hospital) can make monetary transfers (offer wages) to the other (a worker or doctor). In a standard model, monetary transfers are not…

Computer Science and Game Theory · Computer Science 2019-10-17 Yasushi Kawase , Atsushi Iwasaki

In this paper, we study pooling downstream beds across specialties in a stochastic operating room planning problem. The main sources of uncertainty are stochastic surgical durations and patients' lengths of stay. We developed a two-stage…

Optimization and Control · Mathematics 2026-02-18 Arian Andam , Hossein Hashemi Doulabi

The theory of multilayer networks is in its early stages, and its development provides vital methods for understanding complex systems. Multilayer networks, in their multiplex form, have been introduced within the last three years to…

Computational Finance · Quantitative Finance 2017-04-04 Antoaneta Serguieva

We formulate and analyze a multi-agent model for the evolution of individual and systemic risk in which the local agents interact with each other through a central agent who, in turn, is influenced by the mean field of the local agents. The…

Mathematical Finance · Quantitative Finance 2015-08-19 Josselin Garnier , George Papanicolaou , Tzu-Wei Yang

In this paper the effects of external links on the synchronization performance of community networks, especially on the competition between individual community and the whole network, are studied in detail. The study is organized from two…

Physics and Society · Physics 2015-03-17 Ming Zhao , Changsong Zhou , Jinhu Lü , Choy Heng Lai

We study a two-sided matching model where one side of the market (hospitals) has combinatorial preferences over the other side (doctors). Specifically, we consider the setting where hospitals have matroid rank valuations over the doctors,…

Computer Science and Game Theory · Computer Science 2025-02-28 Alon Eden , Vignesh Viswanathan , Yair Zick

This paper considers the scenario in which there are multiple institutions, each with a limited capacity for candidates, and candidates, each with preferences over the institutions. A central entity evaluates the utility of each candidate…

Data Structures and Algorithms · Computer Science 2024-09-10 L. Elisa Celis , Amit Kumar , Nisheeth K. Vishnoi , Andrew Xu

We consider a model of contagion in financial networks recently introduced in the literature, and we characterize the effect of a few features empirically observed in real networks on the stability of the system. Notably, we consider the…

General Finance · Quantitative Finance 2011-09-07 Fabio Caccioli , Thomas A. Catanach , J. Doyne Farmer

This paper investigates two mechanisms of financial contagion that are, firstly, the correlated exposure of banks to the same source of risk, and secondly the direct exposure of banks in the interbank market. It will consider a random…

Computational Finance · Quantitative Finance 2016-03-15 Seyyed Mostafa Mousavi , Robert Mackay , Alistair Tucker

Using SimPy and Discrete Event Simulation we have observed the different model responses of a system consisting of a hospital and people getting sick/healing under different initial conditions. In our model, each independent person can get…

Numerical Analysis · Mathematics 2022-03-25 Dincer Atasoy

The process of collecting blood from donors and making it available for transfusion requires a complex series of operations involving multiple actors and resources at each step. Ensuring hospitals receive adequate and safe blood for…

The concept of bilocality was introduced to study the correlations which arise in an entanglement swapping scenario, where one has two sources which can naturally taken to be independent. This additional constraint leads to stricter…

Quantum Physics · Physics 2015-06-22 Armin Tavakoli , Paul Skrzypczyk , Daniel Cavalcanti , Antonio Acín

Node centrality is one of the most important and widely used concepts in the study of complex networks. Here, we extend the paradigm of node centrality in financial and economic networks to consider the changes of node "importance" produced…

Mathematical Finance · Quantitative Finance 2020-06-05 Paolo Bartesaghi , Michele Benzi , Gian Paolo Clemente , Rosanna Grassi , Ernesto Estrada

We study the formation of an optimal interbank network in a model where banks control both their supply of liquidity, through cash reserves, and their exposures to other banks' risky projects. The value of each bank's project may suddenly…

Mathematical Finance · Quantitative Finance 2024-10-08 Daniel E. Rigobon , Ronnie Sircar

Fair division is typically framed from a centralized perspective. However, in practice resource allocation often occurs via decentralized networks. We study a decentralized variant of fair division inspired by altruistic dynamics observed…

Computer Science and Game Theory · Computer Science 2026-03-02 Joel Miller , Rishi Advani , Ian Kash , Chris Kanich , Lenore Zuck

In our model, private actors with interbank cash flows similar to, but nore general than (Carmona, Fouque, Sun, 2013) borrow from the outside economy at a certain interest rate, controlled by the central bank, and invest in risky assets.…

Risk Management · Quantitative Finance 2018-10-09 Aditya Maheshwari , Andrey Sarantsev

Algorithmic predictions are emerging as a promising solution concept for efficiently allocating societal resources. Fueling their use is an underlying assumption that such systems are necessary to identify individuals for interventions. We…

Machine Learning · Computer Science 2024-06-21 Ali Shirali , Rediet Abebe , Moritz Hardt

We create a network model to study the spread of an epidemic through physically proximate and accidental daily human contacts in a city, and simulate outcomes for two kinds of agents - poor and non-poor. Under non-intervention, peak…

Physics and Society · Physics 2021-01-27 Anand Sahasranaman , Henrik Jeldtoft Jensen

The negative externalities from an individual bank failure to the whole system can be huge. One of the key purposes of bank regulation is to internalize the social costs of potential bank failures via capital charges. This study proposes a…

General Finance · Quantitative Finance 2014-04-24 Xiaobing Feng , Haibo Hu

Hospital choice models often employ random utility theory and include waiting time as a choice determinant. When applied to evaluate health system improvement interventions, these models disregard that hospital choice in turn is a…

Optimization and Control · Mathematics 2023-06-29 Joris van de Klundert , Roberto Cominetti , Yun Liu , Qingxia Kong