Competition for goods in buyer-seller networks

被引：3

作者：

Kranton R.E. ^{[1
]}

Minehart D.F. ^{[2
]}

机构：

[1] Department of Economics, University of Maryland, College Park

[2] Department of Economics, Boston University, Boston, MA 02215

来源：

Review of Economic Design | 2000年 / 5卷 / 3期

关键词：

Bipartite graphs; Link externalities; Outside options;

D O I：

10.1007/PL00013691

中图分类号：

学科分类号：

摘要：

This paper studies competition in a network and how a network structure determines agents' individual payoffs. It constructs a general model of competition that can serve as a reduced form for specific models. The paper shows how agents' outside options, and hence their shares of surplus, derive from "opportunity paths" connecting them to direct and indirect alternative exchanges. Analyzing these paths, results show how third parties' links affect different agents' bargaining power. Even distant links may have large effects on agents' earnings. These payoff results, and the identification of the paths themselves, should prove useful to further analysis of network structure. © Springer-Verlag 2000.

引用

页码：301 / 331

页数：30

共 14 条

[1] Bolton P., Whinston M.D., Incomplete contracts, vertical integration, and supply assurance, Review of Economic Studies, 60, pp. 121-148, (1993)
[2] Demange G., Gale D., The strategy structure of two-sided matching markets, Econometrica, 53, pp. 873-883, (1985)
[3] Demange G., Gale D., Sotomayor M., Multi-item auctions, Journal of Political Economy, 94, pp. 863-872, (1986)
[4] Gale D., Limit theorems for markets with sequential bargaining, Journal of Economic Theory, 43, pp. 20-54, (1987)
[5] Grossman S., Hart O., The costs and benefits of ownership, Journal of Political Economy, 94, pp. 691-719, (1986)
[6] Hart O., Moore J., Property rights and the nature of the firm, Journal of Political Economy, 98, pp. 1119-1158, (1990)
[7] Kranton R., Minehart D., Competition for Goods in Buyer-Seller Networks, (1998)
[8] Kranton R., Minehart D., Theory of buyer-seller networks, American Economic Review, (2000)
[9] Kranton R., Minehart D., Networks versus vertical integration, RAND Journal of Economics, (2000)
[10] Roth A., Sotomayor M., Two-Sided Matching, 18, (1990)

← 1 2 →