The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
A Theory of Buyer-Seller Networks
Abstract
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)
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Citations
Cites
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
Graphs and Cooperation in Games
Myerson, R. B. (1977) · Mathematics of Operations Research · doi:10.1287/moor.2.3.225 · Cited by 1,446
Cited by
A Game-Theoretic Perspective on Coalition Formation
Ray, D. (2007) · doi:10.1093/acprof:oso/9780199207954.001.0001 · Cited by 379
Allen, F., & Babus, A. (2008) · SSRN Electronic Journal · doi:10.2139/ssrn.1094883 · Cited by 365
Metadata
- Authors
- Kranton, R. E., & Minehart, D. F.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2001-06-01
- Volume
- 91
- Issue
- 3
- Pages
- 485-508
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W4243864401
- Cited by
- 427
- References
- 2
- FWCI
- 26.85
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: A Theory of Buyer-Seller Networks. https://app.cochat.ai/papers/10.1257/aer.91.3.485
- The paper
- Kranton, R. E., & Minehart, D. F. (2001). A Theory of Buyer-Seller Networks. American Economic Review. https://doi.org/10.1257/aer.91.3.485
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
