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We examine how trade sanctions can be imposed effectively in a trading network. We focus on three factors that affect … trade sanctions: a country’s endowment, distance between trading countries, and connectivity in the network. Our models …) incorporating the consequences of different centralities of sender and target in the trade network …
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In this paper, we pursue the work of H. Haller and al. (2005, [10]) and examine the existence of equilibrium networks, called Nash networks, in the noncooperative two-way flow model (Bala and Goyal, 2000, [1]) with partner heterogeneous agents. We show through an example that Nash networks do...
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that there exist conditions under which in a pairwise stable network agents who provide the same level of transfers are …
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