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Networks and market laws

Author

Listed:
  • 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.

Suggested Citation

  • Antonio Quesada, 2004. "Networks and market laws," Microeconomics 0407002, EconWPA.
  • Handle: RePEc:wpa:wuwpmi:0407002
    Note: Type of Document - pdf; pages: 7
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mic/papers/0407/0407002.pdf
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    References listed on IDEAS

    as
    1. Corominas-Bosch, Margarida, 2004. "Bargaining in a network of buyers and sellers," Journal of Economic Theory, Elsevier, vol. 115(1), pages 35-77, March.
    2. 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.
    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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Market; Market price; Network; Price changes;

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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