BEDAYO, Mikel; MAULEON, Ana; VANNETELBOSCH, Vincent - Center for Operations Research and Econometrics (CORE), … - 2012
We study a model in which heterogenous agents first form a trading network where link formation is costless. Then, a seller and a buyer are randomly selected among the agents to bargain through a chain of intermediaries. We determine both the trading path and the allocation of the surplus among...