Title :
The Multi-Layer Network Structure and the Dynamic Mechanism of Proliferation of Cluster Risks
Author :
Wang, Congcong ; Zhou, Minfen
Author_Institution :
Coll. of Finance, Zhejiang Univ. of Finance & Econ., Hangzhou, China
Abstract :
In this paper, we analyzed the dynamic mechanism of proliferation of industrial cluster risks, and the relationship between the focal firm and the proliferation mechanism. We found that the multi-layer network structure of the cluster was damaged gradually and the degree of cluster efficiency was reduced as well by the failure of focal firm of the cluster. The density of the ego network of firms within the accessible range of the focal firm decreased significantly after the failure of the focal firm. We then tested the hypotheses by using a simulation model with the help of the software Netlogo.
Keywords :
network theory (graphs); risk management; Netlogo software; dynamic mechanism; ego network; focal firm; industrial cluster risk proliferation; multilayer network structure; simulation model; Educational institutions; Finance; Fluctuations; Industries; Numerical models; Portfolios; Technological innovation; cluster risks; industrial cluster; multi-layer network;
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering (ICIII), 2011 International Conference on
Conference_Location :
Shenzhen
Print_ISBN :
978-1-61284-450-3
DOI :
10.1109/ICIII.2011.401
