I study intermediation in a buyer-seller network with sequential bargaining. An intermediary matches traders connected … in a network to bargain over the price of heterogeneous goods and has the freedom to charge each side commission. A …

value to the network of suppliers before their needs are realized. Building upon a Logit model of demand, we introduce a …

networks. We derive a measure of each supplier's market power within the network; the measure is based on the additional ex …

I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders … compete on different routes through the network. I characterize stationary equilibrium payoffs as the fixed point of a set of … intuitive value function equations and study efficiency and the impact of network structure on payoffs. There is never too …