dc.contributor.author |
Kranton, RE |
|
dc.contributor.author |
Minehart, DF |
|
dc.date.accessioned |
2010-03-09T15:23:12Z |
|
dc.date.issued |
2001-06-01 |
|
dc.identifier.issn |
0002-8282 |
|
dc.identifier.uri |
https://hdl.handle.net/10161/1735 |
|
dc.description.abstract |
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 goods. Networks - buyers, sellers,
and the pattern of links connecting them - are common exchange environments. This
paper develops a methodology to study network structures and explains why agents may
form networks. In a model that captures characteristics of a variety of industries,
the paper shows that buyers and sellers, acting strategically in their own self-interests,
can form the network structures that maximize overall welfare.
|
|
dc.format.mimetype |
application/pdf |
|
dc.language.iso |
en_US |
|
dc.publisher |
American Economic Association |
|
dc.relation.ispartof |
American Economic Review |
|
dc.title |
A theory of buyer-seller networks |
|
dc.type |
Journal article |
|
duke.contributor.id |
Kranton, RE|0445327 |
|
pubs.begin-page |
485 |
|
pubs.end-page |
508 |
|
pubs.issue |
3 |
|
pubs.organisational-group |
Duke |
|
pubs.organisational-group |
Duke Population Research Center |
|
pubs.organisational-group |
Duke Population Research Institute |
|
pubs.organisational-group |
Economics |
|
pubs.organisational-group |
Sanford School of Public Policy |
|
pubs.organisational-group |
Trinity College of Arts & Sciences |
|
pubs.publication-status |
Published |
|
pubs.volume |
91 |
|