I study a hybrid over-the-counter (OTC) market structure in which traders have the choice of obtaining an asset from dealers either in a bilateral market or on an electronic trading platform. In a hybrid market (HM), turnover is higher and traders are better off than in a pure bilateral market...

This paper studies how labor flexibility and mobility induced by the gig economy, affects corporate investment, by exploiting the staggered entry of the leading online delivery platforms into different cities in China and across the globe. The results show that, following the entry of delivery...