Toward a Just Society by Martin Guzman
Author:Martin Guzman
Language: eng
Format: epub
Tags: BUS068000, Business & Economics/Development/Economic Development, BUS039000, Business & Economics/Economics/Macroeconomics
Publisher: Columbia University Press
Published: 2018-08-27T16:00:00+00:00
• If markets are not competitive there are securities that are only traded by a small subset of the players. This implies that the network of players is not a complete graph.
• If markets are not complete there are securities that are not traded at all or traded only by subsets of traders. This means that the network players-securities is not a complete bipartite graph.
• When networks are not complete and are not particularly simple, then actors hold asymmetric positions in the network, meaning that their network centrality is heterogeneous across actors.
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