Showing 1 - 10 of 56
I develop a general theory of monopoly pricing of networks. Platforms use insulating tariffs to avoid coordination …
Persistent link: https://www.econbiz.de/10008645030
This paper argues that the extent of financial contagion exhibits a form of phase transition: as long as the magnitude of negative shocks affecting financial institutions are sufficiently small, a more densely connected financial network (corresponding to a more diversified pattern of interbank...
Persistent link: https://www.econbiz.de/10011156804
This paper studies matching in vertical networks, generalizing the theory of matching in two-sided markets. It gives … sufficient conditions for the existence of stable networks and presents an algorithm for finding two of them. One is the best …. The paper describes several properties of the set of stable networks and discusses applications of the theory to the …
Persistent link: https://www.econbiz.de/10005573174
Many important issues in business-to-business markets involve price discrimination and negotiated prices, situations where theoretical predictions are ambiguous. This paper uses new panel data on buyer-supplier transfers and a structural model to empirically analyze bargaining and price...
Persistent link: https://www.econbiz.de/10010815666
Both submission fees and response times enable editors to maintain an acceptable refereeing burden by discouraging the submission of articles with low probability of acceptance. When authors differ in their ability or willingness to pay submission fees and deal with delays, journal quality is...
Persistent link: https://www.econbiz.de/10010604499
Motivated by empirical evidence I uncover on the dynamics of French firms exports, I offer a novel theory of trade frictions. Firms only export into markets where they have a contact. They directly search for new trading partners, but also use their existing network of contacts to remotely...
Persistent link: https://www.econbiz.de/10010949137
We study the departure time decisions of commuters traversing a traffic network with the goal of arriving at a common destination at a specified time. There are costs associated with arriving either too early or too late, and with delays experienced at bottlenecks. Our main hypothesis, based on...
Persistent link: https://www.econbiz.de/10008596305
Geography and social links shape economic interactions. In industries, schools, and markets, the entire network determines outcomes. This paper analyzes a large class of games and obtains a striking result. Equilibria depend on a single network measure: the lowest eigenvalue. This paper is the...
Persistent link: https://www.econbiz.de/10010815665
capita number of connections that groups have with the rest of the community. "Two-dimensional" networks?like real …-world networks in Peruvian villages?are sufficiently expansive to allow very good risk-sharing. (ii) In second- best arrangements …
Persistent link: https://www.econbiz.de/10010757370
are achieved through deeper financial integration and expanded informal networks. Active networks are more geographically …
Persistent link: https://www.econbiz.de/10010659357