arXiv Open Access 2018

The Structure of Equilibria in Trading Networks with Frictions

Jan Christoph Schlegel

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Abstrak

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 and in the presence of frictions. While our results are developed in a trading network model, they also imply analogous (and new) results for exchange economies with combinatorial demand and for two-sided matching markets with transfers.

Topik & Kata Kunci

econ.TH

Penulis (1)

Jan Christoph Schlegel

Format Sitasi

APA MLA BibTeX

Schlegel, J.C. (2018). The Structure of Equilibria in Trading Networks with Frictions. https://arxiv.org/abs/1808.07924

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Informasi Jurnal

Tahun Terbit: 2018
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓