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dc.contributor.authorChoi, S.en
dc.contributor.authorGaleotti, A.en
dc.contributor.authorGoyal, S.en
dc.date.accessioned2016-04-22T15:00:25Z
dc.date.available2016-04-22T15:00:25Z
dc.date.issued2014-05-16en
dc.identifier.otherCWPE1457
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/255165
dc.description.abstractWe propose a model of posted prices in networks. The model maps traditional concepts of market power, competition and double marginalization into networks, allowing for the study of pricing in complex structures of intermediation such as supply chains, transportation and communication networks and financial brokerage. We provide a complete characterization of equilibrium prices. Our experiments complement our theoretical work and point to node criticality as an organizing principle for understanding pricing, efficiency and the division of surplus in networked markets.en
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectmarket poweren
dc.subjectdouble marginalization.en
dc.titleTrading in Networks: Theory and Experimentsen
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5663


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