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Gainers and Losers from Market Integration

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  • Hans Gersbach
  • Hans Haller

Abstract

We compare integration of economic, matching and networking markets. There can be losers from integration in all three cases, but their relative numbers depend on the type of market. There can be many losers from integration of pure exchange economies. There are relatively few losers from integration of networking markets. In the matching case, the relative numbers tend to lie between those of the other two cases.

Suggested Citation

  • Hans Gersbach & Hans Haller, 2019. "Gainers and Losers from Market Integration," CESifo Working Paper Series 7977, CESifo.
    • Handle: RePEc:ces:ceswps:_7977
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    References listed on IDEAS

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    Cited by:

    1. Rajnish Kunar & Kriti Manocha & Josue Ortega, 2020. "On the integration of Shapley-Scarf housing markets," Papers 2004.09075, arXiv.org, revised Jan 2022.

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    More about this item

    Keywords

    competitive exchange; matching theory; networks; market integration;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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