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Gainers and losers from market integration

Gersbach, Hans ; Haller, Hans

Mathematical social sciences, 2022-03, Vol.116, p.32-39 [Periódico revisado por pares]

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Título:
Gainers and losers from market integration
Autor: Gersbach, Hans ; Haller, Hans
Assuntos: Competitive exchange ; Economic integration ; Economic theory ; Gainers and losers ; Integration ; Market integration ; Markets ; Matching ; Matching theory ; Networking ; Networks ; Preferences
É parte de: Mathematical social sciences, 2022-03, Vol.116, p.32-39
Descrição: We compare integration of economic, matching and networking markets. There can be losers from integration in all three cases, but their relative numbers depend on the type of market. There can be many losers from integration of pure exchange economies. There are relatively few losers from integration of networking markets. In the matching case, the relative numbers tend to lie between those of the other two cases. In particular, in the grand economy of matching markets, there are weakly more non-losers than losers, and with strict preferences there are weakly more gainers than losers. •We compare integration of economic, matching and networking markets.•In all three markets, there can be losers.•The relative numbers of losers depend on the type of market.•In matching markets, there are weakly more gainers than losers.
Editor: Amsterdam: Elsevier B.V
Idioma: Inglês

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