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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...
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The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …
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The Silk Roads were a decentralized network of trade routes that connected ancient cities across Eurasia. Goods, ideas … network, this paper finds that areas within 50 KM of the historic location of the Silk Roads have higher levels of economic … activity today. The persistent effect of proximity to the ancient trade network is associated with increased access to modern …
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In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented …
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