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Socially Embedded Exchange


Norman Braun

This monograph presents theoretical and empirical analyses of competitive exchange systems with potentially incomplete network relations between rational actors. Its basic idea is that these relations affect individual trading opportunities. The analyses show that asymmetrical access patterns between market participants have important effects for the outcomes of transactions and structural features of exchange systems.
Contents: A Model of Restricted Exchange - Structural Implications and Extensions - Illustrations - Empirical Application.