Dealerships, Trading Externalities and General Equilibrium
A model of intermediated production-exchange equilibrium with constraints on trading capacity and "search" externalities is developed. The impact of specialization of agents into producers and dealers on the properties of equilibrium, in particular its uniqueness and welfare characteristics, is examined.
Sudipto Bhattacharya, Kathleen Hagerty
Bhattacharya, Sudipto, and Kathleen Hagerty. 1987. Dealerships, Trading Externalities and General Equilibrium.