suggests that network competition between information intermediaries has a distinctive market structure, where intermediaries … Nash equilibrium. Finally, competition is affected by the technology of network development. The analysis shows that either …

effects are due to increased competition for local resources. …

Focusing on homogeneous beliefs, we can distinguish two commonly shared ideas that, i) the competition between informed … market, i) the informativeness of prices increases with the degree of competition and, ii) the aggregate and individual …

competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then … coordination failures. Different types of efficiency arise when buyers undertake investment before market competition. These …