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BEGIN:VEVENT
UID:31b374dfa732492ddc9a2a9c103aa9cc
CATEGORIES:Seminars
CREATED:20150105T151602
SUMMARY:Lunch Seminar: Andrea Galeotti - University of Essex
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p style="text-align: justify;"><strong><span style="font-family: 'Calibri'
 ,'sans-serif';">Trading in Networks: Theory and Experiments</span></strong>
 </p><p style="text-align: justify;">Abstract:</p><p style="text-align: just
 ify;">We propose a model of posted prices in networks. The model maps tradi
 tional concepts of market power, competition and double marginalization int
 o networks, allowing for the study of pricing in complex networks of interm
 ediation such as supply chains, transportation and communication networks a
 nd decentralized trading. We provide a complete characterization of equilib
 rium prices for arbitrary networks. Our experiments complement our theoreti
 cal work and point to node criticality as an organizing principle for under
 standing pricing, efficiency and the division of surplus in networked marke
 ts.</p>
DTSTAMP:20260405T161504Z
DTSTART:20140324T130000Z
DTEND:20140324T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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