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 (3)

Downloads: (external link)
http://econtheory.org/ojs/index.php/te/article/viewFile/20220801/33814/988 (application/pdf)

Related works:
Working Paper: The Structure of Equilibria in Trading Networks with Frictions (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:the:publsh:4405

Access Statistics for this article

Theoretical Economics is currently edited by Simon Board, Todd D. Sarver, Juuso Toikka, Rakesh Vohra, Pierre-Olivier Weill

More articles in Theoretical Economics from Econometric Society
Bibliographic data for series maintained by Martin J. Osborne ().