consumption externalities, we show that an equilibrium price equals the marginal cost if and only if the buyer network is complete … or cyclic. When the externalities are approximately linear in the size of consumption, we identify the classes of …

using Fedwire data to quantify the probability distribution of payment-flow network. Payment network externalities reduce …

The Covid-19 epidemic highlighted the significance of externalities: contacts with other people do not only affect our … with widespread externalities. The network function form generalises the partition function form of cooperative games in … involvement of more players allows for the - partial - internalisation of the externalities, but we also allow residual players to …