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agents make strategic decisions based upon profits and information generated through their immediate social network. In this … deletion of links. And also the number of firms (nodes) in the network at each time by allowing firms (nodes) to enter and exit … the market. Centrality measures are reported together with firms' profits. The evolution of the network yields higher …
Persistent link: https://www.econbiz.de/10014209878
This paper develops a framework for analyzing the effect of arbitrary changes to network structure in linear …-quadratic games on networks. Changes to network structure which increase total activity and total utility are studied for the case of … centrality which counts the total length of walks from a node.Two optimal network design problems are then considered. Total …
Persistent link: https://www.econbiz.de/10013227382
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This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode where an intermediary holds inventories which...
Persistent link: https://www.econbiz.de/10011526728
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...
Persistent link: https://www.econbiz.de/10011520869
Persistent link: https://www.econbiz.de/10010190985
In this paper, we empirically study how flagship entry in an online marketplace affects consumers, the platform, and various sellers on the platform. We find flagship entry may benefit consumers by expanding the choice set, by intensifying price competition within the entry brand, and by...
Persistent link: https://www.econbiz.de/10014456560
This paper studies an intermediated market operated by middlemen with high inventory holdings. I present a directed search model in which middlemen are less likely to experience a stockout because they have the advantage of inventory capacity, relative to other sellers. The model explains why...
Persistent link: https://www.econbiz.de/10010326192