Community Structure and Market Outcomes: A Repeated Games-in-Networks Approach

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2012
Volume: 4
Issue: 1
Pages: 32-69

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Consider a large market with asymmetric information, in which sellers have the option to "cheat" their buyers, and buyers decide whether to repurchase from different sellers. We model active trade relationships as links in a buyer-seller network and study repeated games in such networks. Endowing sellers with incomplete knowledge of the network, we derive conditions that determine whether a network is consistent with cooperation between every buyer and seller that are connected. Three network features reduce the minimal

Technical Details

RePEc Handle
repec:aea:aejmic:v:4:y:2012:i:1:p:32-69
Journal Field
General
Author Count
1
Added to Database
2026-01-25