Gainers and losers from market integration

Hans Gersbach and Hans Haller

Mathematical Social Sciences, 2022, vol. 116, issue C, 32-39

Abstract: We compare integration of economic, matching and networking markets. There can be losers from integration in all three cases, but their relative numbers depend on the type of market. There can be many losers from integration of pure exchange economies. There are relatively few losers from integration of networking markets. In the matching case, the relative numbers tend to lie between those of the other two cases. In particular, in the grand economy of matching markets, there are weakly more non-losers than losers, and with strict preferences there are weakly more gainers than losers.

Keywords: Competitive exchange; Matching theory; Networks; Market integration; Gainers and losers (search for similar items in EconPapers)
Date: 2022
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Related works:
Working Paper: Gainers and Losers from Market Integration (2021)
Working Paper: Gainers and Losers from Market Integration (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:116:y:2022:i:c:p:32-39

DOI: 10.1016/j.mathsocsci.2021.12.003

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