Now showing items 1-2 of 2
A theory of buyer-seller networks
(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
(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 ...