Networks and market laws
AbstractThe 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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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0407002.
Length: 7 pages
Date of creation: 05 Jul 2004
Date of revision:
Note: Type of Document - pdf; pages: 7
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Market; Market price; Network; Price changes;
Find related papers by JEL classification:
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
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- 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.
- Corominas-Bosch, Margarida, 2004. "Bargaining in a network of buyers and sellers," Journal of Economic Theory, Elsevier, vol. 115(1), pages 35-77, March.
- 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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