Now showing items 1-2 of 2

    • A theory of buyer-seller networks 

      Kranton, RE; Minehart, DF (American Economic Review, 2001-06-01)
      This paper introduces a new model of exchange: networks, rather than markets, of buyers and sellers. It begins with the empirically motivated premise that a buyer and seller must have a relationship, a "link," to exchange ...
    • Networks versus vertical integration 

      Kranton, RE; Minehart, DF (RAND Journal of Economics, 2000-09-01)
      We construct a theory to compare vertically integrated firms to networks of manufacturers and suppliers. Vertically integrated firms make their own specialized inputs. In networks, manufacturers procure specialized inputs ...