We show that in general trading networks with bilateral contracts, a suitably adapted chain stability concept (Ostrovsky, 2008) is equivalent to stability (Hatfield and Kominers, 2012; Hatfield et al., 2013) if all agents' preferences are fully substitutable and satisfy the Laws of Aggregate Supply...

Chapter 1. Introduction -- Chapter 2. Sustaining South Asia’s Regional Integration Process -- Chapter 3. Bay of Bengal Integration: The New Agenda -- Chapter 4. Three Decades of SAARC and the Unfinished Agenda of Regional Integration -- Chapter 5. Harnessing the Potential of Regional Value...

In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented supply chains. Towards this end, we study a Ricardian trade model featuring trade in final and intermediate products, and introduce a novel comparative statics approach to...