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Competitive equilibrium and trading networks : a network flow approach
Candogan, Ozan; Epitropou, Markos; Vohra, Rakesh V. - 2016
seemingly weaker notions of stability follows directly from the optimality conditions, in particular the absence of improvement … trading networks, and testing (chain) stability. …
Persistent link: https://www.econbiz.de/10011522739
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Competitive equilibrium and trading networks : a network flow approach
Candogan, Ozan; Epitropou, Markos; Vohra, Rakesh V. - In: Operations research 69 (2021) 1, pp. 114-147
Persistent link: https://www.econbiz.de/10012523434
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Competitive Equilibria in Economies with Multiple Divisible and Indivisible Commodities and No Money
Talman, Dolf; Koshevoy, G.A. - Tilburg University, Center for Economic Research - 2006
A general equilibrium model is considered with multiple divisible and multiple indivisible commodities.In models with indivisibles it is always assumed that an indivisible commodity, called money, is present that is used to transfer the value of certain amounts of indivisible goods.For these...
Persistent link: https://www.econbiz.de/10011090948
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Trading networks with frictions
Fleiner, Tamás; Jagadeesan, Ravi; Jankó, Zsuzsanna; … - 2020
stability property called trail stabity. In the presence of frictions, competitive equilibria might be neither stable nor …
Persistent link: https://www.econbiz.de/10012290311
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Trading networks with frictions
Fleiner, Tamás; Jagadeesan, Ravi; Jankó, Zsuzsanna; … - 2020
stability property called trail stabity. In the presence of frictions, competitive equilibria might be neither stable nor …
Persistent link: https://www.econbiz.de/10012212204
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The structure of equilibria in trading networks with frictions
Schlegel, Jan Christoph - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 801-839
Several structural results for the set of competitive equilibria in trading networks with frictions are established: The lattice theorem, the rural hospitals theorem, the existence of side-optimal equilibria, and a group-incentive-compatibility result hold with imperfectly transferable utility...
Persistent link: https://www.econbiz.de/10013273780
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Chain stability in trading networks
Hatfield, John William; Kominers, Scott Duke; Nichifor, … - In: Theoretical Economics 16 (2021) 1, pp. 197-234
In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept … that plays the same role as pairwise stability in two-sided settings. We show that chain stability is equivalent to … stability if all agents' preferences are jointly fully substitutable and satisfy the Laws of Aggregate Supply and Demand. In the …
Persistent link: https://www.econbiz.de/10013189046
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Chain stability in trading networks
Hatfield, John William; Kominers, Scott Duke; Nichifor, … - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 1, pp. 197-234
In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept … that plays the same role as pairwise stability in two-sided settings. We show that chain stability is equivalent to … stability if all agents' preferences are jointly fully substitutable and satisfy the Laws of Aggregate Supply and Demand. In the …
Persistent link: https://www.econbiz.de/10012415626
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Complexity of stability in trading networks
Fleiner, Tamás; Jankó, Zsuzsanna; Schlotter, Ildikó; … - In: International journal of game theory 52 (2023) 3, pp. 629-648
Persistent link: https://www.econbiz.de/10014381777
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Multilateral matching
Hatfield, John William; Kominers, Scott Duke - In: Journal of Economic Theory 156 (2015) C, pp. 175-206
We introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows us to consider production complementarities previously outside the scope of matching theory. We show analogues of the first and second welfare theorems and, when agents'...
Persistent link: https://www.econbiz.de/10011189755