Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/253496 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 16 [Issue:] 1 [Publisher:] The Econometric Society [Place:] New Haven, CT [Year:] 2021 [Pages:] 197-234
Verlag: 
The Econometric Society, New Haven, CT
Zusammenfassung: 
In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept that plays the same role as pairwise stability in two-sided settings. We show that chain stability is equivalent to stability if all agents' preferences are jointly fully substitutable and satisfy the Laws of Aggregate Supply and Demand. In the special case of trading networks with transferable utility, an outcome is consistent with competitive equilibrium if and only if it is chain stable.
Schlagwörter: 
Matching
trading networks
chain stability
stability
competitive equilibria
full substitutability
Laws of Aggregate Supply and Demand
JEL: 
C78
D85
L14
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