Vacancies in supply chain networks
We use the supply chain matching framework to study the effects of firm exit. We show that the exit of an initial supplier or end consumer has monotonic effects on the welfare of initial suppliers and end consumers but may simultaneously have positive and negative effects on intermediaries. Furthermore, we demonstrate that there are no clear comparative statics for the effects of intermediary exit on the welfare of other firms; most surprisingly, intermediary exit may diminish the welfare of other firms at the same level of the supply chain.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Blum, Yosef & Roth, Alvin E. & Rothblum, Uriel G., 1997. "Vacancy Chains and Equilibration in Senior-Level Labor Markets," Journal of Economic Theory, Elsevier, vol. 76(2), pages 362-411, October.
- Kelso, Alexander S, Jr & Crawford, Vincent P, 1982. "Job Matching, Coalition Formation, and Gross Substitutes," Econometrica, Econometric Society, vol. 50(6), pages 1483-1504, November.
- John William Hatfield & Paul R. Milgrom, 2005.
"Matching with Contracts,"
American Economic Review,
American Economic Association, vol. 95(4), pages 913-935, September.
- Daron Acemoglu & Vasco Carvalho & Asuman Ozdaglar & Alireza Tahbaz-Salehi, 2011.
"The network origins of aggregate fluctuations,"
Economics Working Papers
1291, Department of Economics and Business, Universitat Pompeu Fabra.
- Daron Acemoglu & Vasco M. Carvalho & Asuman E. Ozdaglar & Alireza Tahbaz-Salehi, 2012. "The Network Origins of Aggregate Fluctuations," Levine's Working Paper Archive 786969000000000359, David K. Levine.
- Daron Acemoglu & Vasco Carvalho & Asuman Ozdaglar & Alireza Tahbaz-Salehi, 2011. "The Network Origins of Aggregate Fluctuations," Working Papers 587, Barcelona Graduate School of Economics.
- Mo, Jie-Ping, 1988. "Entry and structures of interest groups in assignment games," Journal of Economic Theory, Elsevier, vol. 46(1), pages 66-96, October.
- Bettina-Elisabeth Klaus & Markus Walzl, 2007.
"Stable Many-to-Many Matchings with Contracts,"
Harvard Business School Working Papers
09-046, Harvard Business School, revised Sep 2008.
- Michael Ostrovsky, 2008. "Stability in Supply Chain Networks," American Economic Review, American Economic Association, vol. 98(3), pages 897-923, June.
- John William Hatfield & Scott Duke Kominers, 2012. "Matching in Networks with Bilateral Contracts," American Economic Journal: Microeconomics, American Economic Association, vol. 4(1), pages 176-208, February.
- Jorge Oviedo & Federico Echenique, 2005.
"A Theory of Stability in Many-to-Many Matching Markets,"
2005 Meeting Papers
233, Society for Economic Dynamics.
- Echenique, Federico & Oviedo, Jorge, 2006. "A theory of stability in many-to-many matching markets," Theoretical Economics, Econometric Society, vol. 1(2), pages 233-273, June.
- Federico Echenique & Jorge Oviedo, 2003. "A Theory of Stability in Many-to-many Matching Markets," Levine's Working Paper Archive 666156000000000374, David K. Levine.
- Federico Echenique & Jorge Oviedo, 2004. "A Theory of Stability in Many-to-many Matching Markets," Game Theory and Information 0401002, EconWPA.
- Echenique, Federico & Oviedo, Jorge, 2003. "A Theory of Stability in Many-to-Many Matching Markets," Working Papers 1185, California Institute of Technology, Division of the Humanities and Social Sciences.
- Williamson, Oliver E, 1983. "Credible Commitments: Using Hostages to Support Exchange," American Economic Review, American Economic Association, vol. 73(4), pages 519-40, September.
- Parsons, Donald O, 1972. "Specific Human Capital: An Application to Quit Rates and Layoff Rates," Journal of Political Economy, University of Chicago Press, vol. 80(6), pages 1120-43, Nov.-Dec..
- Joskow, Paul L, 1987. "Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets," American Economic Review, American Economic Association, vol. 77(1), pages 168-85, March.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:119:y:2013:i:3:p:354-357. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.