Discussion Paper Details

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Title: Gainers and Losers from Market Integration

Author(s): Hans Gersbach and Hans Haller

Publication Date: April 2021

Keyword(s): competitive exchange, gainers and losers, market integration, Matching theory and networks

Programme Area(s): Industrial Organization, International Trade and Regional Economics and Organizational Economics

Abstract: We compare integration of economic, matching and networking markets. There can be losers from integration in all three cases, but their relative numbers depend on the type of market. There can be many losers from integration of pure exchange economies. There are relatively few losers from integration of networking markets. In the matching case, the relative numbers tend to lie between those of the other two cases.

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Bibliographic Reference

Gersbach, H and Haller, H. 2021. 'Gainers and Losers from Market Integration'. London, Centre for Economic Policy Research.