not provide a clear insight on how a modern system of private electronic money would work and how the necessary network …

formed if members of the coalition are connected on a communication network, or a graph. We offer a characterization of non …-manipulable division rules without any assumption on the structure of communication network. As corollaries, we obtain a number of earlier … characterization results established with the assumption of complete network (complete graph) in various specialized settings. Moreover …

In this paper, we consider the network as an alternative trading environment to the market. The main distinctive … feature of the network transaction is the dependence of buyers' purchasing behavior, which makes all consumers not equally … valuable to a seller. We characterize the optimal behavior of a seller and consumers in a network. A seller's strategy of …