
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.

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