Skip to main content
release_alert
Welcome to the new Scholars 3.0! Read about new features and let us know what you think.
cancel
Journal cover image

Competition for goods in buyer-seller networks

Publication ,  Journal Article
Kranton, RE; Minehart, DF
Published in: Review of Economic Design
January 1, 2000

This paper studies competition in a network and how a network structure determines agents' individual payoffs. It constructs a general model of competition that can serve as a reduced form for specific models. The paper shows how agents' outside options, and hence their shares of surplus, derive from "opportunity paths" connecting them to direct and indirect alternative exchanges. Analyzing these paths, results show how third parties' links affect different agents' bargaining power. Even distant links may have large effects on agents' earnings. These payoff results, and the identification of the paths themselves, should prove useful to further analysis of network structure. © Springer-Verlag 2000.

Duke Scholars

Published In

Review of Economic Design

DOI

ISSN

1434-4742

Publication Date

January 1, 2000

Volume

5

Issue

3

Start / End Page

301 / 331

Related Subject Headings

  • Economic Theory
  • 1402 Applied Economics
  • 1401 Economic Theory
 

Citation

APA
Chicago
ICMJE
MLA
NLM
Kranton, R. E., & Minehart, D. F. (2000). Competition for goods in buyer-seller networks. Review of Economic Design, 5(3), 301–331. https://doi.org/10.1007/PL00013691
Kranton, R. E., and D. F. Minehart. “Competition for goods in buyer-seller networks.” Review of Economic Design 5, no. 3 (January 1, 2000): 301–31. https://doi.org/10.1007/PL00013691.
Kranton RE, Minehart DF. Competition for goods in buyer-seller networks. Review of Economic Design. 2000 Jan 1;5(3):301–31.
Kranton, R. E., and D. F. Minehart. “Competition for goods in buyer-seller networks.” Review of Economic Design, vol. 5, no. 3, Jan. 2000, pp. 301–31. Scopus, doi:10.1007/PL00013691.
Kranton RE, Minehart DF. Competition for goods in buyer-seller networks. Review of Economic Design. 2000 Jan 1;5(3):301–331.
Journal cover image

Published In

Review of Economic Design

DOI

ISSN

1434-4742

Publication Date

January 1, 2000

Volume

5

Issue

3

Start / End Page

301 / 331

Related Subject Headings

  • Economic Theory
  • 1402 Applied Economics
  • 1401 Economic Theory