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 …

In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented …

Network topology plays a key role in many phenomena, from the spreading of diseases to that of financial crises …. Whenever the whole structure of a network is unknown, one must resort to reconstruction methods that identify the least biased …

This paper investigates how economic shocks propagate and amplify through the input-output network connecting … this case, we also find that: (i) the more a sector is globally central in the country network, the largest its impact; (ii …