This article compares centralized with disconnected markets in which n2 strategic agents trade two perfectly divisible goods. In a multi-goods uniform-price double auction (centralized market) traders can make their demand for one good contingent on the price of the other good. Interlinking...

This article compares centralized with disconnected markets in which n2 strategic agents trade two perfectly divisible goods. In a multi-goods uniform-price double auction (centralized market) traders can make their demand for one good contingent on the price of the other good. Interlinking...

While a fast-growing body of research has looked at how the advent anddiffusion of e- commerce has affected prices, much less work hasinvestigated e-commerce's impact on the number and type of firmsoperating in an industry. This paper theoretically and empirically takesup the question of which...