Matches in SemOpenAlex for { <https://semopenalex.org/work/W4288336301> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W4288336301 abstract "Global supply networks in agriculture, manufacturing, and services are a defining feature of the modern world. The efficiency and the distribution of surpluses across different parts of these networks depend on choices of intermediaries. This paper conducts price formation experiments with human subjects located in large complex networks to develop a better understanding of the principles governing behavior. Our first finding is that prices are larger and that trade is significantly less efficient in small-world networks as compared to random networks. Our second finding is that location within a network is not an important determinant of pricing. An examination of the price dynamics suggests that traders on cheapest -- and hence active -- paths raise prices while those off these paths lower them. We construct an agent-based model (ABM) that embodies this rule of thumb. Simulations of this ABM yield macroscopic patterns consistent with the experimental findings. Finally, we extrapolate the ABM on to significantly larger random and small world networks and find that network topology remains a key determinant of pricing and efficiency." @default.
- W4288336301 created "2022-07-29" @default.
- W4288336301 creator A5007007395 @default.
- W4288336301 creator A5024733682 @default.
- W4288336301 creator A5041007022 @default.
- W4288336301 creator A5065854639 @default.
- W4288336301 creator A5077285926 @default.
- W4288336301 creator A5084793824 @default.
- W4288336301 date "2019-06-04" @default.
- W4288336301 modified "2023-10-07" @default.
- W4288336301 title "Trading in Complex Networks" @default.
- W4288336301 doi "https://doi.org/10.48550/arxiv.1906.01531" @default.
- W4288336301 hasPublicationYear "2019" @default.
- W4288336301 type Work @default.
- W4288336301 citedByCount "0" @default.
- W4288336301 crossrefType "posted-content" @default.
- W4288336301 hasAuthorship W4288336301A5007007395 @default.
- W4288336301 hasAuthorship W4288336301A5024733682 @default.
- W4288336301 hasAuthorship W4288336301A5041007022 @default.
- W4288336301 hasAuthorship W4288336301A5065854639 @default.
- W4288336301 hasAuthorship W4288336301A5077285926 @default.
- W4288336301 hasAuthorship W4288336301A5084793824 @default.
- W4288336301 hasBestOaLocation W42883363011 @default.
- W4288336301 hasConcept C11413529 @default.
- W4288336301 hasConcept C134121241 @default.
- W4288336301 hasConcept C136764020 @default.
- W4288336301 hasConcept C138885662 @default.
- W4288336301 hasConcept C139569457 @default.
- W4288336301 hasConcept C144133560 @default.
- W4288336301 hasConcept C149782125 @default.
- W4288336301 hasConcept C162324750 @default.
- W4288336301 hasConcept C162853370 @default.
- W4288336301 hasConcept C175444787 @default.
- W4288336301 hasConcept C183331307 @default.
- W4288336301 hasConcept C191897082 @default.
- W4288336301 hasConcept C192562407 @default.
- W4288336301 hasConcept C26517878 @default.
- W4288336301 hasConcept C2776401178 @default.
- W4288336301 hasConcept C2780801425 @default.
- W4288336301 hasConcept C31258907 @default.
- W4288336301 hasConcept C34947359 @default.
- W4288336301 hasConcept C38652104 @default.
- W4288336301 hasConcept C41008148 @default.
- W4288336301 hasConcept C41895202 @default.
- W4288336301 hasConcept C89246107 @default.
- W4288336301 hasConceptScore W4288336301C11413529 @default.
- W4288336301 hasConceptScore W4288336301C134121241 @default.
- W4288336301 hasConceptScore W4288336301C136764020 @default.
- W4288336301 hasConceptScore W4288336301C138885662 @default.
- W4288336301 hasConceptScore W4288336301C139569457 @default.
- W4288336301 hasConceptScore W4288336301C144133560 @default.
- W4288336301 hasConceptScore W4288336301C149782125 @default.
- W4288336301 hasConceptScore W4288336301C162324750 @default.
- W4288336301 hasConceptScore W4288336301C162853370 @default.
- W4288336301 hasConceptScore W4288336301C175444787 @default.
- W4288336301 hasConceptScore W4288336301C183331307 @default.
- W4288336301 hasConceptScore W4288336301C191897082 @default.
- W4288336301 hasConceptScore W4288336301C192562407 @default.
- W4288336301 hasConceptScore W4288336301C26517878 @default.
- W4288336301 hasConceptScore W4288336301C2776401178 @default.
- W4288336301 hasConceptScore W4288336301C2780801425 @default.
- W4288336301 hasConceptScore W4288336301C31258907 @default.
- W4288336301 hasConceptScore W4288336301C34947359 @default.
- W4288336301 hasConceptScore W4288336301C38652104 @default.
- W4288336301 hasConceptScore W4288336301C41008148 @default.
- W4288336301 hasConceptScore W4288336301C41895202 @default.
- W4288336301 hasConceptScore W4288336301C89246107 @default.
- W4288336301 hasLocation W42883363011 @default.
- W4288336301 hasLocation W42883363012 @default.
- W4288336301 hasLocation W42883363013 @default.
- W4288336301 hasOpenAccess W4288336301 @default.
- W4288336301 hasPrimaryLocation W42883363011 @default.
- W4288336301 hasRelatedWork W2023446719 @default.
- W4288336301 hasRelatedWork W2081225202 @default.
- W4288336301 hasRelatedWork W2352786873 @default.
- W4288336301 hasRelatedWork W2948088414 @default.
- W4288336301 hasRelatedWork W3038627120 @default.
- W4288336301 hasRelatedWork W3122494995 @default.
- W4288336301 hasRelatedWork W4226329973 @default.
- W4288336301 hasRelatedWork W4283396490 @default.
- W4288336301 hasRelatedWork W4288336301 @default.
- W4288336301 hasRelatedWork W3125045318 @default.
- W4288336301 isParatext "false" @default.
- W4288336301 isRetracted "false" @default.
- W4288336301 workType "article" @default.