The structure of equilibria in trading networks with frictions

Jan Christoph Schlegel

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.

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Year of publication:	2022
Authors:	Schlegel, Jan Christoph
Published in:	Theoretical economics : TE ; an open access journal in economic theory. - Toronto : [Verlag nicht ermittelbar], ISSN 1555-7561, ZDB-ID 2220447-7. - Vol. 17.2022, 2, p. 801-839
Subject:	Trading Networks \| Full Substitutability \| Imperfectly Transferable Utility \| Competitive Equilibrium \| Indivisible Goods \| Frictions \| Lattice \| Rural Hospitals \| Gleichgewichtstheorie \| Equilibrium theory \| Unvollkommener Markt \| Incomplete market

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3982/TE4405 [DOI] hdl:10419/296371 [Handle]
Classification:	C78 - Bargaining Theory; Matching Theory ; d47 ; D52 - Incomplete Markets ; L14 - Transactional Relationships; Contracts and Reputation; Networks
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013273780