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<p>This paper seeks to shed some light on elementary market dynamics. For focus and simplicity, it restricts attention to trade of just <i>one</i> private good - presumed perfectly divisible, homogenous, inspectable and transferable. Deals are money-based and driven by orders as to acceptable price-quantity pairs. Essentially, like on internet-designed platforms, each transaction is anonymous, bilateral, ”computerized” , decentralized and discrete. Moreover, nobody ever accepts any setback, and trade unfolds step by step. The paper connects differential properties of economic margins - via agents’ market behavior and communication - to attainment and stability of competitive equilibrium.</p>

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On Internet-based Trade and shared Surplus

  • 期刊论文

  • 出版模式：

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  • 发表日期：

    2025年8月21日

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  • Sjur Didrik Flåm

摘要

This paper seeks to shed some light on elementary market dynamics. For focus and simplicity, it restricts attention to trade of just one private good - presumed perfectly divisible, homogenous, inspectable and transferable. Deals are money-based and driven by orders as to acceptable price-quantity pairs. Essentially, like on internet-designed platforms, each transaction is anonymous, bilateral, ”computerized” , decentralized and discrete. Moreover, nobody ever accepts any setback, and trade unfolds step by step. The paper connects differential properties of economic margins - via agents’ market behavior and communication - to attainment and stability of competitive equilibrium.