The search theory of over-the-counter markets

Pierre-Olivier Weill

I review the recent literature that applies search-and-matching theory to the study of over-the-counter financial markets. I formulate and solve a simple model to illustrate the typical assumptions and economic forces at play in existing work. I then offer thematic tours of the literature and, in the process, discuss avenues for future research

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Year of publication:	2020
Authors:	Weill, Pierre-Olivier
Published in:	Annual review of economics. - Palo Alto, Calif. : Annual Reviews, ISSN 1941-1391, ZDB-ID 2516757-1. - Vol. 12.2020, p. 747-773
Publisher:	[2020]: [S.l.] : SSRN
Subject:	search frictions \| over-the-counter markets \| asset pricing \| Suchtheorie \| Search theory \| OTC-Handel \| OTC market \| CAPM \| Geld-Brief-Spanne \| Bid-ask spread \| Effizienzmarkthypothese \| Efficient market hypothesis

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

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