Yilmaz, Ensar; Ünveren, Burak - In: International Review of Economics & Finance 20 (2011) 4, pp. 665-678
This paper studies the link between income distribution and trade mechanisms in a dynamic search model with two-sided asymmetric information. Buyers and sellers have imperfect information about the income levels of the other group. Furthermore, asymmetry of information about incomes is the...