The structure of equilibria in trading networks with frictions

Jan Christoph Schlegel

Theoretical Economics, 2022, vol. 17, issue 2

Abstract: Several structural results for the set of competitive equilibria in trading networks with frictions are established: The lattice theorem, the rural hospitals theorem, the existence of side-optimal equilibria, and a group-incentive-compatibility result hold with imperfectly transferable utility and in the presence of frictions. While our results are developed in a trading network model, they also imply analogous (and new) results for exchange economies with combinatorial demand and for two-sided matching markets with transfers.

Keywords: Trading Networks; Full Substitutability; Imperfectly Transferable Utility; Competitive Equilibrium; Indivisible Goods; Frictions; Lattice; Rural Hospitals (search for similar items in EconPapers)
JEL-codes: C78 D47 D52 L14 (search for similar items in EconPapers)
Date: 2022-05-05
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Working Paper: The Structure of Equilibria in Trading Networks with Frictions (2020)
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