TRADING IN NETWORKS: THEORY AND EXPERIMENTS

被引：29

作者：

Choi, Syngjoo ^{[1
]}

Galeotti, Andrea ^{[2
,3
]}

Goyal, Sanjeev ^{[4
,5
]}

机构：

[1] Seoul Natl Univ, Seoul, South Korea

[2] European Univ Inst, Fiesole, Italy

[3] Univ Essex, Colchester, Essex, England

[4] Univ Cambridge, Fac Econ, Cambridge, England

[5] Univ Cambridge, Christs Coll, Cambridge, England

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2017年 / 15卷 / 04期

基金：

欧洲研究理事会; 新加坡国家研究基金会;

关键词：

COMPETITION; EFFICIENCY;

D O I：

10.1093/jeea/jvw016

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We propose a model of posted prices in networks. The model maps traditional concepts of market power, competition, and double marginalization into networks, allowing for the study of pricing in complex structures of intermediation, such as supply chains, transportation and communication networks, and financial brokerage. We provide a complete characterization of equilibrium prices. Our experiments complement our theoretical work and point to node criticality as an organizing principle for understanding pricing, efficiency, and the division of surplus in networked markets.

引用

页码：784 / 817

页数：34

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