Эксоцман
на главную поиск contacts

A theory of buyer-seller networks

Опубликовано на портале: 15-12-2002
American Economic Review. 2001.  Vol. 91. No. 3. P. 485-508. 
Тематический раздел:
A new model of exchange is introduced: networks, rather than markets, of buyers and sellers. It begins with the empirically motivated premise that a buyer and seller must have a relationship to exchange goods. Networks - buyers, sellers, and the pattern of links connecting them - are common exchange environments. This paper develops a methodology to study network structures and explains why agents may form networks. In a model that captures characteristics of a variety of industries, the paper shows that buyers and sellers, acting strategically in their own self-interests, can form the network structures that maximize overall welfare.
BiBTeX
RIS