Middlemen and the Allocation of Heterogeneous Goods

This article presents a general equilibrium model in which middlemen emerge to facilitate trade in an environment of idiosyncratic tastes and heterogeneous goods. The gains to the traders can be measured along three dimensions: The rate of production, the time-preference losses generated by the matching process, and the quality of the match between consumers' preferences and the goods they ultimately consume

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Year of publication:	2004
Authors:	Johri, Alok ; Leach, John
Publisher:	[S.l.] : SSRN
Subject:	Allgemeines Gleichgewicht \| General equilibrium \| Präferenztheorie \| Theory of preferences \| Allokation \| Allocation \| Handel \| Trade \| Matching \| Intertemporale Entscheidung \| Intertemporal choice

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Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: International Economic Review, Vol. 43, pp. 347-362, 2002
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014116127