A Theory of Buyer-Seller Networks
نویسنده
چکیده
This paper introduces a new model of exchange: networks, rather than markets, of buyers and sellers. It begins with the empirically motivated premise that a buyer and seller must have a relationship, a “link,” to exchange goods. Networks buyers, sellers, and the pattern of links connecting them are common exchange environments. This paper develops a methodology to study network structures and explains why agents may form networks. In a model that captures characteristics of a variety of industries, the paper shows that buyers and sellers, acting strategically in their own self-interests, can form the network structures that maximize overall welfare. (JEL D00, L00)
منابع مشابه
Coordinating a Seller-Buyer Supply Chain with a Proper Allocation of Chain’s Surplus Profit Using a General Side-Payment Contract
In this paper, seller-buyer supply chain coordination with general side-payment contracts is introduced to gain the maximum possible chain profit. In our model, the logistics costs for both buyer and seller are considered and the final demand is also supposed to be a decreasing function of the retail price. Since parties aim to maximize their individual profits, the contractual parameters are s...
متن کاملData envelopment analysis for imprecise data in Buyer-Seller Relationship
In the environment of business‐to‐business e‐commerce, Buyers and sellers in mature industrial markets can turn single transactions into long-term beneficial relationships by a deeper understanding of the complex connection between the two and buyers and sellers are uncertain about their roles. A “must-do” for the sellers, in particular, is to understand patterns of investment and reward,...
متن کاملA seller-buyer supply chain model with exponential distribution lead time
Supply chain is an accepted way of remaining in the competition in today's rapidly changing market. This paper presents a coordinated seller-buyer supply chain model in two stages, which is called Joint Economic Lot Sizing (JELS) in literature. The delivery activities in the supply chain consist of a single raw material. We assume that the delivery lead time is stochastic and follows an exponen...
متن کاملComments on a Buyer-Seller Watermarking Protocol for Large Scale Networks
Buyer-seller watermarking are protocols guaranteeing the buyer prevents false infringement accusations and the seller protects the watermark secrets from the buyer. Most recently, Chang et al. proposed an efficient and fair buyer-seller watermarking scheme for large scale networks quite recently. In this correspondence, we first shows its three weaknesses: the buyer can easily remove the waterm...
متن کاملAuctions Versus Private Negotiations in Buyer-Seller Networks
Buyer-seller networks where price is determined by an ascending-bid auction are important in many economic examples such as certain real estate markets, radio spectrum sharing, and buyer-supplier networks. However, it may be that some sellers are better off not participating in the auction. We consider what happens if sellers can make a take it or leave it offer to one of their linked buyers be...
متن کامل