We examine a Bertrand competition game between two intermediaries offering matching services between two sides of a … intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration …

This paper examines how the introduction of a direct trade alternative for buyers and sellers affects competition among …

system in a model with endogenous intermediation and production. Our analysis suggests that with respect to CRT, the …

joint and coordinated efforts by sellers. We show that, in general, for-profit intermediation is not neutral to such … reason is that investment incentives affect the size of the network effects and thus competition between intermediaries. In … particular, we show that whether for-profit intermediation raises or lowers investment incentives depends on which side of the …

differentiation and vertical differentiation through liquidity. As a result, DTB attracted a different set of traders than LIFFE, and …

a new measure of product contractibility based on the degree of intermediation in international trade for the product …

The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new … have developed a stylized but explicit model of intermediation in trade. In this short paper, we present a variant of this …