Trading Networks With General Preferences

Schlegel, Jan Christoph

doi:10.2139/ssrn.3230767

Cited by 3 publications

(3 citation statements)

References 43 publications

(94 reference statements)

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“…Note, however, that stable and chain-stable outcomes are generally not trail-stable without FS.27 In Example 4, we showed that there are no stable outcomes in Example 2. Similar logic shows that there are no chain-stable outcomes in that example either.28 Subsequent to our work,Schlegel (2019) established results on the lattice structure of the set of competitive equilibria.…”

supporting

confidence: 61%

Trading Networks With Frictions

Fleiner

Jagadeesan

Jankó

et al. 2019

ECTA

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We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks. Our model incorporates distortionary frictions such as transaction taxes and commissions. When contracts are fully substitutable for firms, competitive equilibria exist and coincide with outcomes that satisfy a cooperative solution concept called trail stability. However, competitive equilibria are generally neither stable nor Pareto-efficient.

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supporting

confidence: 61%

Trading Networks With Frictions

Fleiner

Jagadeesan

Jankó

et al. 2019

ECTA

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“…The lattice property of competitive equilibrium payoffs and prices is intensively investigated in various directions, like matching models, e.g., Shapley and Shubik (1971), Demange and Gale (1985), Hatfield and Milgrom (2005) The rural hospital theorem of stable matchings and competitive equilibria has been established in different models, like matching models, e.g., Roth (1986), Demange and Gale (1985), Hatfield and Milgrom (2005), Hatfield and Kojima (2010), and Kojima et al (2018), and models of trading networks, e.g., Hatfield and Kominers (2012), Fleiner et al (2018), and Schlegel (2019). It shows the invariance of the sets of matched agents in different stable matchings and competitive equilibria.…”

Section: Introductionmentioning

confidence: 99%

Competitive Equilibria in Matching Models with Financial Constraints

Herings

Zhou

2019

SSRN Journal

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Section: Introductionmentioning

confidence: 99%

Competitive Equilibria in Matching Models With Financial Constraints

Herings

Zhou

2021

Int Economic Review

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published version features the final layout of the paper including the volume, issue and page numbers. Link to publication General rightsCopyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights.• Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal.If the publication is distributed under the terms of Article 25fa of the Dutch Copyright Act, indicated by the "Taverne" license above, please follow below link for the End User

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Trading Networks With General Preferences

Cited by 3 publications

References 43 publications

Trading Networks With Frictions

Trading Networks With Frictions

Competitive Equilibria in Matching Models with Financial Constraints

Competitive Equilibria in Matching Models With Financial Constraints

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