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Big Fish in Thin Markets : Competing with the Middlemen to Increase Market Access in the Amazon
Bartkus, Viva Ona; Brooks, Wyatt; Kaboski, Joseph Paul; … - National Bureau of Economic Research - 2021
Middlemen are ubiquitous in supply chains. In developing countries they help bring products from remote communities to end markets but may exert strong market power. We study a cooperative intervention which organizes together poor fishing communities in the Amazon -- one of the poorest and most...
Persistent link: https://www.econbiz.de/10012629441
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Fiduciary Duty and the Market for Financial Advice
Bhattacharya, Vivek - 2019
Fiduciary duty may combat principal-agent problems in the provision of financial advice, but it may also impose costs through legal liability. We study the effects of fiduciary duty on the deferred annuity market using transaction-level data. Leveraging state-level variation in common law...
Persistent link: https://www.econbiz.de/10012479810
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Information and Bargaining through Agents : Experimental Evidence from Mexico’s Labor Courts
Sadka, Joyce - 2018
Labor Court with interventions that provide information to parties in randomly selected cases on predicted case outcomes and … interventions nearly double the overall settlement rate, but only when the plaintiff herself is present to receive the information …-treatment results indicate that lawyers do not convey the information provided in the intervention to their clients. A simple analytic …
Persistent link: https://www.econbiz.de/10012480789
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Intermediation and Competition in Search Markets : An Empirical Case Study
Salz, Tobias - 2020
Intermediaries in decentralized markets can affect buyer welfare both directly, by reducing expenses for buyers with high search cost and indirectly, through a search-externality that affects the prices paid by buyers that do not use intermediaries. I investigate the magnitude of these effects...
Persistent link: https://www.econbiz.de/10012481248
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Speculators and Middlemen : The Strategy and Performance of Investors in the Housing Market
Bayer, Patrick - 2011
Housing market transactions are a matter of public record and thus provide a rare opportunity to analyze the behavior, performance, and strategies of individual investors. Using data for all housing transactions in the Los Angeles area from 1988-2009, this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10012461873
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Broker Incentives and Mutual Fund Market Segmentation
Del Guercio, Diane - 2010
We study the impact of investor heterogeneity on mutual fund market segmentation. To motivate our empirical analysis, we make two assumptions. First, some investors inherently value broker services. Second, because brokers are only compensated when they sell mutual funds, they have little...
Persistent link: https://www.econbiz.de/10012462345
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The Role of Mortgage Brokers in the Subprime Crisis
Berndt, Antje - 2010
Prior to the subprime crisis, mortgage brokers originated about 65% of all subprime mortgages. Yet little is known about their behavior during the runup to the crisis. Using data from New Century Financial Corporation, we find that brokers earned an average revenue of $5,300 per funded loan. We...
Persistent link: https://www.econbiz.de/10012462482
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Intermediation and Economic Integration
Antràs, Pol - 2010
The theory of international trade has paid scant attention to market institutions. Neither neoclassical theory nor new trade models typically specify the process by which supply and demand meet. Yet in the real world, intermediaries play a central role in materializing the gains from exchange...
Persistent link: https://www.econbiz.de/10012462904
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Intermediated Trade
Antràs, Pol - 2010
This paper develops a simple model of international trade with intermediation. We consider an economy with two islands and two types of agents, farmers and traders. Farmers can produce two goods, but in order to sell these goods in centralized (Walrasian) markets, they need to be matched with a...
Persistent link: https://www.econbiz.de/10012462905
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The Effects of Housing Assistance on Labor Supply : Evidence from a Voucher Lottery
Jacob, Brian A. - 2008
This study estimates the effects of means-tested housing programs on labor supply using data from a randomized housing voucher wait-list lottery in Chicago. Evidence for the net effects of housing programs on labor supply is central to a wide range of policy decisions about how to provide...
Persistent link: https://www.econbiz.de/10012464078