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Networks and market laws

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Author Info

  • Antonio Quesada

    (Universitat Rovira i Virgili Spain)

Abstract

The effects on the market price of a change in the number of buyers, in the number of sellers, in the prices sellers set and in the buyers’ reservation prices are established in a simple network model of a market.

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File URL: http://128.118.178.162/eps/mic/papers/0407/0407002.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Microeconomics with number 0407002.

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Length: 7 pages
Date of creation: 05 Jul 2004
Date of revision:
Handle: RePEc:wpa:wuwpmi:0407002

Note: Type of Document - pdf; pages: 7
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Web page: http://128.118.178.162

Related research

Keywords: Market; Market price; Network; Price changes;

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  1. Rachel E. Kranton & Deborah F. Minehart, 1999. "Competition for Goods in Buyer-Seller Networks," Cowles Foundation Discussion Papers 1232, Cowles Foundation for Research in Economics, Yale University.
  2. Corominas-Bosch, Margarida, 2004. "Bargaining in a network of buyers and sellers," Journal of Economic Theory, Elsevier, vol. 115(1), pages 35-77, March.
  3. Rachel E. Kranton & Deborah F. Minehart, 2001. "A Theory of Buyer-Seller Networks," American Economic Review, American Economic Association, vol. 91(3), pages 485-508, June.
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