Trading Networks with Bilateral Contracts

February 7, 2-3:30pm. Umphrey Lee 303.

Alex Teytelboym from Harvard University will present his recent research on bilateral contracts. His interest lies in settings where economic agents are viewed as being part of a network (e.g. supply chains). He specifies a new notion of whether the links between economic agents constitute a “network equilibrium” and explores whether traditional equilibrium concepts are consistent with the new notion. READ MORE

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