*p < 0.05; **p < 0.01; ***p < 0.001; ****p < 0.0001 The social balance ratio of staffs with different status in companies in three communication networks. M: Managers; S: Subordinates. M-sb: social ba
We analyze endogenous capacity formation in a large frictional market with perfectly divisible goods. Each seller posts a price and decides on a capacity. The buyers base their decision on which selle