{"id":"https://openalex.org/W1982835910","doi":"https://doi.org/10.1002/(sici)1097-0037(199609)28:2<107::aid-net4>3.0.co;2-i","title":"Network decomposition of general financial equilibria with transaction costs","display_name":"Network decomposition of general financial equilibria with transaction costs","publication_year":1996,"publication_date":"1996-09-01","ids":{"openalex":"https://openalex.org/W1982835910","doi":"https://doi.org/10.1002/(sici)1097-0037(199609)28:2<107::aid-net4>3.0.co;2-i","mag":"1982835910"},"language":"en","primary_location":{"id":"doi:10.1002/(sici)1097-0037(199609)28:2<107::aid-net4>3.0.co;2-i","is_oa":false,"landing_page_url":"https://doi.org/10.1002/(sici)1097-0037(199609)28:2<107::aid-net4>3.0.co;2-i","pdf_url":null,"source":{"id":"https://openalex.org/S191798613","display_name":"Networks","issn_l":"0028-3045","issn":["0028-3045","1097-0037"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Networks","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5072294897","display_name":"Anna Nagurney","orcid":"https://orcid.org/0000-0002-1645-5363"},"institutions":[{"id":"https://openalex.org/I24603500","display_name":"University of Massachusetts Amherst","ror":"https://ror.org/0072zz521","country_code":"US","type":"education","lineage":["https://openalex.org/I24603500"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Anna Nagurney","raw_affiliation_strings":["Department of Finance and Operations Management, School of Management, University of Massachusetts, Amherst, Massachusetts 01003"],"affiliations":[{"raw_affiliation_string":"Department of Finance and Operations Management, School of Management, University of Massachusetts, Amherst, Massachusetts 01003","institution_ids":["https://openalex.org/I24603500"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5113460875","display_name":"June Dong","orcid":null},"institutions":[{"id":"https://openalex.org/I43742981","display_name":"State University of New York at Oswego","ror":"https://ror.org/01597g643","country_code":"US","type":"education","lineage":["https://openalex.org/I43742981"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"June Dong","raw_affiliation_strings":["School of Business, State University of New York at Oswego, Oswego, New York 13126","School of Business,State University of New York at Oswego,Oswego,New York 13126)"],"affiliations":[{"raw_affiliation_string":"School of Business, State University of New York at Oswego, Oswego, New York 13126","institution_ids":["https://openalex.org/I43742981"]},{"raw_affiliation_string":"School of Business,State University of New York at Oswego,Oswego,New York 13126)","institution_ids":["https://openalex.org/I43742981"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5072294897"],"corresponding_institution_ids":["https://openalex.org/I24603500"],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":3.8629,"has_fulltext":false,"cited_by_count":6,"citation_normalized_percentile":{"value":0.93398834,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":94},"biblio":{"volume":"28","issue":"2","first_page":"107","last_page":"116"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9966999888420105,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9966999888420105,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9229000210762024,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/variational-inequality","display_name":"Variational inequality","score":0.7753211855888367},{"id":"https://openalex.org/keywords/transaction-cost","display_name":"Transaction cost","score":0.6052242517471313},{"id":"https://openalex.org/keywords/convergence","display_name":"Convergence (economics)","score":0.6025917530059814},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.601611852645874},{"id":"https://openalex.org/keywords/general-equilibrium-theory","display_name":"General equilibrium theory","score":0.5902059078216553},{"id":"https://openalex.org/keywords/decomposition","display_name":"Decomposition","score":0.5620245933532715},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5287221074104309},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.5101435780525208},{"id":"https://openalex.org/keywords/database-transaction","display_name":"Database transaction","score":0.5031048655509949},{"id":"https://openalex.org/keywords/financial-networks","display_name":"Financial networks","score":0.49169236421585083},{"id":"https://openalex.org/keywords/asset","display_name":"Asset (computer security)","score":0.46879515051841736},{"id":"https://openalex.org/keywords/exploit","display_name":"Exploit","score":0.46793004870414734},{"id":"https://openalex.org/keywords/liability","display_name":"Liability","score":0.4594676196575165},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.34103623032569885},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3310302197933197},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2940833270549774},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.24876153469085693},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.14957696199417114},{"id":"https://openalex.org/keywords/financial-crisis","display_name":"Financial crisis","score":0.10304546356201172},{"id":"https://openalex.org/keywords/systemic-risk","display_name":"Systemic risk","score":0.07807287573814392}],"concepts":[{"id":"https://openalex.org/C161999928","wikidata":"https://www.wikidata.org/wiki/Q4556320","display_name":"Variational inequality","level":2,"score":0.7753211855888367},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.6052242517471313},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.6025917530059814},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.601611852645874},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.5902059078216553},{"id":"https://openalex.org/C124681953","wikidata":"https://www.wikidata.org/wiki/Q339062","display_name":"Decomposition","level":2,"score":0.5620245933532715},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5287221074104309},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5101435780525208},{"id":"https://openalex.org/C75949130","wikidata":"https://www.wikidata.org/wiki/Q848010","display_name":"Database transaction","level":2,"score":0.5031048655509949},{"id":"https://openalex.org/C2776760741","wikidata":"https://www.wikidata.org/wiki/Q25325235","display_name":"Financial networks","level":4,"score":0.49169236421585083},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.46879515051841736},{"id":"https://openalex.org/C165696696","wikidata":"https://www.wikidata.org/wiki/Q11287","display_name":"Exploit","level":2,"score":0.46793004870414734},{"id":"https://openalex.org/C2777834853","wikidata":"https://www.wikidata.org/wiki/Q96776939","display_name":"Liability","level":2,"score":0.4594676196575165},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.34103623032569885},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3310302197933197},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2940833270549774},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.24876153469085693},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.14957696199417114},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.10304546356201172},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.07807287573814392},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1002/(sici)1097-0037(199609)28:2<107::aid-net4>3.0.co;2-i","is_oa":false,"landing_page_url":"https://doi.org/10.1002/(sici)1097-0037(199609)28:2<107::aid-net4>3.0.co;2-i","pdf_url":null,"source":{"id":"https://openalex.org/S191798613","display_name":"Networks","issn_l":"0028-3045","issn":["0028-3045","1097-0037"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Networks","raw_type":"journal-article"},{"id":"pmh:oai:works.bepress.com:anna_nagurney-1097","is_oa":false,"landing_page_url":"https://works.bepress.com/anna_nagurney/98","pdf_url":null,"source":{"id":"https://openalex.org/S4306402240","display_name":"ScholarWorks@UMassAmherst (University of Massachusetts Amherst)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I24603500","host_organization_name":"University of Massachusetts Amherst","host_organization_lineage":["https://openalex.org/I24603500"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Anna Nagurney","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2909053289","https://openalex.org/W829267240","https://openalex.org/W1154119719","https://openalex.org/W3131922696","https://openalex.org/W1536727859","https://openalex.org/W2104243281","https://openalex.org/W3124009333","https://openalex.org/W2946037075","https://openalex.org/W2755725405","https://openalex.org/W2417737453"],"abstract_inverted_index":{"In":[0],"this":[1],"paper,":[2],"we":[3],"developed":[4],"a":[5,49],"new":[6],"general":[7],"financial":[8],"equilibrium":[9,43,92],"model":[10],"with":[11],"transaction":[12],"costs":[13],"which":[14,23,53,70],"considers":[15],"multiple":[16],"sectors":[17],"of":[18,22,30,59,77],"an":[19],"economy,":[20],"each":[21],"seeks":[24],"to":[25,47,89],"determine":[26],"its":[27,39],"optimal":[28],"composition":[29],"instruments":[31],"held":[32],"as":[33,36],"assets":[34],"and":[35,61,80,95],"liabilities":[37],"in":[38,57,98],"portfolio.":[40],"The":[41],"governing":[42],"conditions":[44],"are":[45],"shown":[46],"satisfy":[48],"variational":[50],"inequality":[51],"problem,":[52],"is":[54,68,87],"then":[55],"studied":[56],"terms":[58],"existence":[60],"other":[62],"qualitative":[63],"properties.":[64],"A":[65],"decomposition":[66],"algorithm":[67,86],"proposed":[69],"exploits":[71],"the":[72,78,85,91],"underlying":[73],"generalized":[74],"network":[75],"structure":[76],"problem":[79],"convergence":[81],"results":[82],"obtained.":[83],"Finally,":[84],"applied":[88],"compute":[90],"asset,":[93],"liability,":[94],"price":[96],"pattern":[97],"several":[99],"numerical":[100],"examples.":[101],"\u00a9":[102],"1996":[103],"John":[104],"Wiley":[105],"&":[106],"Sons,":[107],"Inc.":[108]},"counts_by_year":[{"year":2019,"cited_by_count":1}],"updated_date":"2026-04-04T16:13:02.066488","created_date":"2025-10-10T00:00:00"}