Petropoulou, Dimitra (contributor) - 2007
matching technology, which
achieves successful matching with probability q(i),wherei reflects the level of
information costs or … probability of a direct match, q(i), depends on the
prevailing, level of information costs, reflectedinparameteri. Assuming trade … rates is exogenously
determined by traders’ direct trade option, that in turn hinges on the level of
information costs in …