全球智库信息集成服务系统(G2TT): Intermediation in Networks

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Intermediation in Networks
	Jan-Peter Siedlarek
发表日期	2012
出处	Climate Change and Sustainable Development
出版年	2012
语种	英语
摘要	This paper studies bargaining and exchange in a networked market with intermediation. Possibilities to trade are restricted through a network of existing relationships and traders bargain over the division of available gains from trade along different feasible routes. Using a stochastic model of bargaining, I characterize stationary equilibrium payoffs as the fixed point of a set of intuitive value function equations and study efficiency and the relationship between network structure and payoffs. In equilibrium, trade is never unduly delayed but it may take place too early and in states where delay would be efficient. The inefficiency arises from a hold-up threat and the inability of bargaining parties credibly to commit to a split in a future period. The model also shows how with competing trade routes as trade frictions go to zero agents that are not essential to a trade opportunity receive a payoff of zero.
特色分类	C73;C78;L14
关键词	Stochastic Games Bargaining Random Matching Middlemen Network
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/intermediation-in-networks/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118074
推荐引用方式 GB/T 7714	Jan-Peter Siedlarek. Intermediation in Networks. 2012.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
20125291410211Nota_d（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
20125291410364NDL201（498KB）	智库出版物		限制开放	CC BY-NC-SA	浏览