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UID:31b374dfa732492ddc9a2a9c103aa9cc
CATEGORIES:Seminars
CREATED:20150105T151602
SUMMARY:Lunch Seminar: Andrea Galeotti - University of Essex
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Trading in Networks: Theory and Experiments\nAbstract:\nWe propose a model 
 of posted prices in networks. The model maps traditional concepts of market
  power, competition and double marginalization into networks, allowing for 
 the study of pricing in complex networks of intermediation such as supply c
 hains, transportation and communication networks and decentralized trading.
  We provide a complete characterization of equilibrium prices for arbitrary
  networks. Our experiments complement our theoretical work and point to nod
 e criticality as an organizing principle for understanding pricing, efficie
 ncy and the division of surplus in networked markets.\n
DTSTAMP:20260405T161504Z
DTSTART:20140324T130000Z
DTEND:20140324T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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