Stable trading structures in bilateral oligopolies

Article Abstract:

A creation of trading groups is considered in a simple two-trader-type strategies market game where each type of trader has share in a different commodity. It is in a uniquely strong stable trading structure in which all agents trade. The analysis is grounded on two general properties of the noncooperative model of exchange: first, in a symmetric market, the utility of traders is directly proportional to the size of the market, and second, the utility of traders is directly proportion with the number of traders of the other type.

Econometrics & Model Building, Models, Econometrics, Differential games, Equilibrium (Economics), Business models, Oligopolies

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Trade fragmentation and coordination in strategic market games

Article Abstract:

Research into incentives to trade and the validity of the rule of one price in three strategic market games with several trading posts is presented. It is demonstrated that, in the buy-and-sell version of the strategic market game, the set of equilibrium prices has generically the same dimension as the set of active markets.

Administration of General Economic Programs, Economic Statistics & Research, Economic conditions, Incentives (Business), Games of strategy (Mathematics)

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Contracting with externalities and outside options

Article Abstract:

A study is conducted using multilateral contracting operators and Markov processes to analyze the alliance and coordination among players. The study also analyses the relationship between externalities created by interim actions.

United States, Science & research, Usage, Work groups, Teamwork (Workplace), Externalities (Economics), Markov processes, Contraction operators

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