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Chen, Daniel - 2020

We model a simple market setting in which fragmentation of trade of the same asset across multiple exchanges improves allocative efficiency. Fragmentation reduces the inhibiting effect of price-impact avoidance on order submission. Although fragmentation reduces market depth on each exchange, it...

Persistent link: https://www.econbiz.de/10012479351

Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade

Fisman, Raymond - 2007

Traditional explanations for indirect trade through an entrepot have focused on savings in transport costs and on the role of specialized agents in processing and distribution. We provide an alternative perspective based on the possibility that entrepots may facilitate tariff evasion. Using data...

Persistent link: https://www.econbiz.de/10012465839

Contracting out the Last-Mile of Service Delivery : Subsidized Food Distribution in Indonesia

Banerjee, Abhijit - 2015

distribution program. This led 17 percent of treated locations to switch distributors. Introducing the possibility of outsourcing …Outsourcing government service provision to private firms can improve efficiency and reduce rents, but there are risks … cheating were also more likely to block the outsourcing process. We find no effect on price or quality of providing information …

Persistent link: https://www.econbiz.de/10012456834