Abstract
A space of potential traders is endowed with a topology based on contacting costs. First groups of traders are considered who are indirectly linked via a chain of direct contacts, where each direct contact costs less than a given fixed amount. Then trading groups are considered that persist when the per contact cost becomes arbitrarily small. If the space of traders is compact, then maximal trading groups are characterized as the connected components of the space of traders.
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© 1994 Springer Science+Business Media New York
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Haller, H. (1994). Topologies as Trade Infrastructures. In: Gilles, R.P., Ruys, P.H.M. (eds) Imperfections and Behavior in Economic Organizations. Theory and Decision Library, vol 11. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-1370-0_6
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DOI: https://doi.org/10.1007/978-94-011-1370-0_6
Publisher Name: Springer, Dordrecht
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