Articles liés à Middlemen in Search Equilibrium: A Survey

Middlemen in Search Equilibrium: A Survey - Couverture souple

Gong, Grace Xun; Qiao, Ziqi; Wright, Randall

 
9781009700276: Middlemen in Search Equilibrium: A Survey
Couverture souple
ISBN 10 : 1009700278 ISBN 13 : 9781009700276
Editeur : Cambridge University Press, 2026

Synopsis

Surveys the literature on middlemen (i.e., intermediation in exchange) reviewing, extending and consolidating key developments in the field. This is important because intermediated trade is common in reality but absent in standard general equilibrium theory. The authors focus on research using search theory. In various models, agents may act as middlemen when they are good at search, bargaining, recognizing quality, storing inventories, using credit, etc. The theory applies to markets for goods, inputs or assets. The authors discuss versions with indivisible or divisible goods, fixed or endogenous participation, stationary and dynamic equilibria, and some implications for efficiency and volatility.

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Éditeur
Cambridge University Press
Date d'édition
2026
Langue
anglais
ISBN 10 
1009700278
ISBN 13 
9781009700276
Reliure
Broché
Nombre de pages
75
Coordonnées du fabricant
non disponible
Personne responsable
Avery
https://www.avery.fr/

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