Working Paper: CEPR ID: DP16087
Authors: Hans Gersbach; Hans Haller
Abstract: 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 losersfrom integration of networking markets. In the matching case, the relative numbers tend to lie between those of the other two cases.
Keywords: competitive exchange; matching theory; networks; market integration; gainers and losers
JEL Codes: C78; D02; D50; D85; F60
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Market Integration (F15) | Consumer Welfare (D69) |
| Market Integration (F15) | Distribution of Benefits and Harms among Agents (D30) |
| Losers from Market Integration (F69) | Gainers from Market Integration (F15) |
| Structure of Matching Market (C78) | Distribution of Benefits from Market Integration (D39) |
| Strategic Network Formation Context (D85) | Number of Losers from Market Integration (F16) |