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...

In matching markets, the existence of stable matchings can only be guaranteed under substantive restrictions on preferences. We investigate how these results change in large markets, which we model with a continuum of agents of each type, following the work of Aumann (1964) on general...