The Structure of Equilibria in Trading Networks with Frictions
Schlegel, J. C. 
ORCID: 0000-0002-8385-8349 (2022).
The Structure of Equilibria in Trading Networks with Frictions.
Theoretical Economics, 17(2),
pp. 801-839.
doi: 10.3982/TE4405
Abstract
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.
| Publication Type: | Article |
|---|---|
| Additional Information: | © 2022 The Author. Licensed under the Creative Commons Attribution-NonCommercial License 4.0. |
| Publisher Keywords: | Trading Networks; Full Substitutability; Imperfectly Transfer-able Utility; Competitive Equilibrium; Indivisible Goods; Frictions; Lattice;Rural Hospitals |
| Subjects: | H Social Sciences > HB Economic Theory |
| Departments: | School of Policy & Global Affairs > Economics |
| SWORD Depositor: |
Available under License Creative Commons Attribution Non-commercial.
Download (530kB) | Preview
Export
Downloads
Downloads per month over past year
Metadata
MetadataActions (login required)
Admin Login