Chain stability in trading networks

In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept that plays the same role as pairwise stability in two‐sided settings. We show that chain stability is equivalent to stability if all agents' preferences are jointly fully subst...

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Bibliographic details
Volume: 16
Main Author: Hatfield, John William
Kominers, Scott Duke
Nichifor, Alexandru
Ostrovsky, Michael
Westkamp, Alexander
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: NEW YORK ECONOMETRIC SOCIETY 01.01.2021
Wiley Subscription Services, Inc
published in: Theoretical economics Vol. 16; no. 1; pp. 197 - 234
Data of publication: January 2021
ISSN: 1933-6837
1555-7561
EISSN: 1555-7561
Discipline: Economics
Subjects:
D85
C78
L14
D85
C78
L14
Online Access: Fulltext
Database: Wiley-Blackwell Open Access Titles
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Web of Science - Social Sciences Citation Index – 2021
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