Trading in Networks : Theory and Experiments

@inproceedings{Choi2014TradingIN,
  title={Trading in Networks : Theory and Experiments},
  author={Syngjoo Choi and Andrea Galeotti and Sanjeev Goyal},
  year={2014}
}
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… CONTINUE READING