DP16087 Gainers and Losers from Market Integration
|Author(s):||Hans Gersbach, Hans Haller|
|Publication Date:||April 2021|
|Keyword(s):||competitive exchange, gainers and losers, market integration, Matching theory, networks|
|JEL(s):||C78, D02, D50, D85, F60|
|Programme Areas:||Industrial Organization, International Trade and Regional Economics, Organizational Economics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=16087|
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.