Berentsen, Aleksander; McBride, Michael; Rocheteau, … - Institut für Volkswirtschaftslehre, … - 2013
The goal of this paper is to study how informational frictions affect asset liquidity in OTC markets in a laboratory setting. The experiments replicate an OTC market similar to the one used in monetary and financial economics (Shi, 1995; Trejos and Wright, 1995; Duffie, Garleanu, and Pedersen, 2005):...
