We introduce a model in which agents in a network can trade via bilateral contracts. We find
that when continuous transfers are allowed and utilities are quasi-linear, the full …

This paper argues that a paradigmatic change in competition policy is needed and
empirically under way to cope with the challenges posed by economically strong online …

We show how frictions and continuous transfers jointly affect equilibria in a model of
matching in trading networks. Our model incorporates distortionary frictions such as …

The paper considers a matching with contracts model in the presence of price controls. The
model contains two important streams in the matching literature, those with and those …

The advent of data technology in various fields has led to massive volumes of data in
various forms like files, audio, videos, images, and lots of new data formats [1][2]. Data from …

We investigate how price ceilings and floors affect outcomes in continuous time, double
auction markets with discrete goods and multiple qualities. When price controls exist, the …

Product endorsement is employed by many firms and most studies have proceeded based
on management perspectives and ignored the strategic effects (or indirect effects). However …

Several heterogeneous items are to be sold to a group of potentially budgetconstrained
bidders. Every bidder has private knowledge of his own valuation of the items and his own …

There are two efficiency effects of price controls: an “output effect” measured by the standard
welfare loss triangles, and an “imperfect selection effect” that arises when controls prevent …

The tick size in a financial market is the minimum allowable difference between ask and bid
prices. By the rules of each exchange, no transactions can occur within the tick interval. The …