Showing 1 - 10 of 575
search and bargaining. We compute explicitly the prices at which investors trade with each other as well as marketmakers' bid …
Persistent link: https://www.econbiz.de/10012467873
We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as …
Persistent link: https://www.econbiz.de/10012461157
We study a search and bargaining model of an asset market, where investors' heterogeneous valuations for the asset are …
Persistent link: https://www.econbiz.de/10012457920
conditions, raise social surplus by increasing the volume of beneficial trade, facilitating more efficient matching between …
Persistent link: https://www.econbiz.de/10012458045
We extend Duffie, Garleanu, and Pedersen's (2005) search-theoretic model of over-the-counter asset markets, allowing for a decentralized inter-dealer market with arbitrary heterogeneity in dealers' valuations or inventory costs. We develop a solution technique that makes the model fully...
Persistent link: https://www.econbiz.de/10012480609
I review the recent literature that applies search-and-matching theory to the study of Over-the-Counter (OTC) financial …
Persistent link: https://www.econbiz.de/10012481549
We construct a tractable model of monetary exchange with search and bargaining that features a non- degenerate …
Persistent link: https://www.econbiz.de/10012456892
We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate … free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at … once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining …
Persistent link: https://www.econbiz.de/10012467968
While the theoretical literature on non-cooperative legislative bargaining has grown voluminous, there is little … bargaining model: members with proposal power, those sitting on the transportation authorization committee, secure more project …
Persistent link: https://www.econbiz.de/10012468163
We present a bargaining model of the interaction between a government and interest groups in which, unlike most … existing models, neither side is assumed to have all the bargaining power. The government finds it optimal to constrain itself … in the use of transfer policies to improve its bargaining position. In a model of redistribution to lobbies, the …
Persistent link: https://www.econbiz.de/10012468318