2013/02/12 by Thành Nguyen, Vijay Subramanian, Nguyen, Thanh +3
Decision Sciences · Economics, Econometrics and Finance · #Computer Science and Game Theory (cs.GT) #Economic theories and models #FOS: Computer and information sciences #FOS: Mathematics #Game Theory and Applications #Merger and Competition Analysis #Probability (math.PR)
paper · pdf · doi:10.48550/arxiv.1302.2869
openalex publication_date 2013/02/12 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We study decentralized markets with the presence of middlemen, modeled by a non-cooperative bargaining game in trading networks. Our goal is to investigate how the network structure of the market and the role of middlemen influence the market's efficiency and fairness. We introduce the concept of limit stationary equilibrium in a general trading network and use it to analyze how competition among middlemen is influenced by the network structure, how endogenous delay emerges in trade and how surplus is shared between producers and consumers.