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Gainers and Losers from Market Integration

Author

Listed:
  • 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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    1. Kumar, Rajnish & Manocha, Kriti & Ortega, Josué, 2020. "On the Integration of Shapley-Scarf Housing Markets," QBS Working Paper Series 2020/03, Queen's University Belfast, Queen's Business School.

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    Keywords

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    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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