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In this paper we investigate the causal impact of the European Union Emissions Trading System, a cap-and-trade scheme limiting greenhouse gas emissions of firms, on their environmental performance. Although previous studies have focused…

Econometrics · Economics 2025-12-18 Andrea Ciaccio , Francesco Moscone , Elisa Tosetti

In estimating the effects of a treatment/policy with a network, an unit is subject to two types of treatment: one is the direct treatment on the unit itself, and the other is the indirect treatment (i.e., network/spillover influence)…

Methodology · Statistics 2025-06-16 Myoung-jae Lee

Estimating causal effects is crucial for decision-makers in many applications, but it is particularly challenging with observational network data due to peer interactions. Many algorithms have been proposed to estimate causal effects…

Artificial Intelligence · Computer Science 2024-09-16 Xiaojing Du , Jiuyong Li , Debo Cheng , Lin Liu , Wentao Gao , Xiongren Chen

We study a continuous treatment effect model in the presence of treatment spillovers through social networks. We assume that one's outcome is affected not only by his/her own treatment but also by a (weighted) average of his/her neighbors'…

Econometrics · Economics 2023-01-12 Tadao Hoshino

The study examines the return connectedness between climate policy uncertainty (CPU), clean energy, fossil energy, and food markets. Using the time-domain method of Diebold and Yilmaz (2012) and frequency-domain methods of Barun{\'{i}}k and…

General Economics · Economics 2025-03-11 Ting Zhang , Peng-Fei Li , Wei-Xing Zhou

Network autocorrelation models are widely used to evaluate the impact of social influence on some variable of interest. This is a large class of models that parsimoniously accounts for how one's neighbors influence one's own behaviors or…

Social and Information Networks · Computer Science 2020-05-21 Daniel K. Sewell

Banking system crises are complex events that in a short span of time can inflict extensive damage to banks themselves and to the external economy. The crisis literature has so far identified a number of distinct effects or channels that…

General Finance · Quantitative Finance 2017-11-16 T. R. Hurd

Financial spillovers in interconnected systems, such as global banking networks, require tools that capture temporal and frequency dynamics, while incorporating the underlying network topology. While current network time series models are…

Methodology · Statistics 2026-04-07 Cristian F. Jiménez-Varón , Marina I. Knight

We investigate the concept of network momentum, a novel trading signal derived from momentum spillover across assets. Initially observed within the confines of pairwise economic and fundamental ties, such as the stock-bond connection of the…

Portfolio Management · Quantitative Finance 2023-08-25 Xingyue Pu , Stephen Roberts , Xiaowen Dong , Stefan Zohren

Risks threatening modern societies form an intricately interconnected network that often underlies crisis situations. Yet, little is known about how risk materializations in distinct domains influence each other. Here we present an approach…

Computers and Society · Computer Science 2016-05-03 Boleslaw K. Szymanski , Xin Lin , Andrea Asztalos , Sameet Sreenivasan

Diffusion processes in networks are increasingly used to model the spread of information and social influence. In several applications in computational sustainability such as the spread of wildlife, infectious diseases and traffic mobility…

Social and Information Networks · Computer Science 2013-09-27 Akshat Kumar , Daniel Sheldon , Biplav Srivastava

Social network based information campaigns can be used for promoting beneficial health behaviours and mitigating polarisation (e.g. regarding climate change or vaccines). Network-based intervention strategies typically rely on full…

Physics and Society · Physics 2021-07-29 Matthew Garrod , Nick S. Jones

Causal inference in networks should account for interference, which occurs when a unit's outcome is influenced by treatments or outcomes of peers. Heterogeneous peer influence (HPI) occurs when a unit's outcome is influenced differently by…

Social and Information Networks · Computer Science 2025-03-27 Shishir Adhikari , Elena Zheleva

The energy consumption, the transfer of resources through the international trade, the transition towards renewable energies and the environmental sustainability appear as key drivers in order to evaluate the resilience of the energy…

General Economics · Economics 2024-04-08 Gian Paolo Clemente , Alessandra Cornaro , Rosanna Grassi , Giorgio Rizzini

Evaluating the impact of policy interventions on respondents who are embedded in a social network is often challenging due to the presence of network interference within the treatment groups, as well as between treatment and non-treatment…

Social and Information Networks · Computer Science 2024-10-30 Eugene Ang , Prasanta Bhattacharya , Andrew Lim

Weighted networks capture the structure of complex systems where interaction strength is meaningful. This information is essential to a large number of processes, such as threshold dynamics, where link weights reflect the amount of…

Physics and Society · Physics 2021-04-28 Samuel Unicomb , Gerardo Iñiguez , Márton Karsai

The aim of this paper is to quantify and manage systemic risk caused by default contagion in the interbank market. We model the market as a random directed network, where the vertices represent financial institutions and the weighted edges…

Risk Management · Quantitative Finance 2021-01-18 Nils Detering , Thilo Meyer-Brandis , Konstantinos Panagiotou , Daniel Ritter

Growing awareness of the impact of business activity on the environment increases the pressure on governing bodies to address this issue. One possibility is to encourage or force the market into green behaviours. However, it is often hard…

Social and Information Networks · Computer Science 2022-10-20 Magdalena Zioło , Piotr Bródka , Anna Spoz , Jarosław Jankowski

In many experimental contexts, whether and how network interactions impact the outcome of interest for both treated and untreated individuals are key concerns. Networks data is often assumed to perfectly represent these possible…

Methodology · Statistics 2024-03-12 Morgan Hardy , Rachel M. Heath , Wesley Lee , Tyler H. McCormick

Randomized experiments, or "A/B" tests, remain the gold standard for evaluating the causal effect of a policy intervention or product change. However, experimental settings, such as social networks, where users are interacting and…

Social and Information Networks · Computer Science 2021-02-17 Yuan Yuan , Kristen M. Altenburger , Farshad Kooti