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Intermediation in networks
Siedlarek, Jan-Peter - 2012
This paper studies bargaining and exchange in a networked market with intermediation. Possibilities to trade are …
Persistent link: https://www.econbiz.de/10009565541
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Fairness, price stickiness, and history dependence in decentralized trade
Korth, Christian; Napel, Stefan - 2008
The paper investigates price formation in a decentralized market with random matching. Agents are assumed to have subdued social preferences: buyers, for example, prefer a lower price to a higher one but experience reduced utility increases below a reference price which serves as a common...
Persistent link: https://www.econbiz.de/10009746786
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Fairness, price stickiness, and history dependence in decentralized trade
Korth, Christian; Napel, Stefan - 2009
The paper investigates price formation in a decentralized market with random matching. Agents are assumed to have subdued social preferences: buyers, for example, prefer a lower price to a higher one but experience reduced utility increases below a reference price which serves as a common...
Persistent link: https://www.econbiz.de/10003843416
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Centralized Matching with Incomplete Information
Fernandez, Marcelo Ariel; Rudov, Kirill; Yariv, Leeat - 2021
We study the impacts of incomplete information on centralized one-to-one matching markets. We focus on the commonly used Deferred Acceptance mechanism (Gale and Shapley, 1962). We show that many complete-information results are fragile to a small infusion of uncertainty
Persistent link: https://www.econbiz.de/10013244540
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Hybrid intermediaries
Cetorelli, Nicola - 2014
active in the "assembly line" process of modern financial intermediation, a system that has become known as shadow banking … acquiring the capability to engage in financial intermediation. I document instances of the emergence and growth of such nonbank … activities. I focus on securities lending, a well-understood example of shadow financial intermediation, and document the …
Persistent link: https://www.econbiz.de/10010459737
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Integrated intermediation and fintech market power
Buchak, Greg; Chau, N. Vera; Jørring, Adam - 2023
Persistent link: https://www.econbiz.de/10014476663
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Integrated intermediation and fintech market power
Buchak, Greg; Chau, N. Vera; Jørring, Adam - 2023
Persistent link: https://www.econbiz.de/10014480290
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When is seller price setting with linear fees optimal for intermediaries?
Loertscher, Simon; Niedermayer, Andras - 2007
Mechanisms where sellers set the price and are charged a linear commission fee are widely used by real world intermediaries, e.g. by real estate brokers. Empirically these commission fees exhibit very little variance, both across heterogeneous regional markets and over time. So far, there is no...
Persistent link: https://www.econbiz.de/10003923365
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Assessing the performance of simple contracts empirically : the case of percentage fees
Loertscher, Simon; Niedermayer, Andras - 2012
This paper estimates the cost of using simple percentage fees rather than the broker optimal Bayesian mechanism, using data for real estate transactions in Boston in the mid-1990s. This counterfactual analysis shows that interme- diaries using the best percentage fee mechanisms with fees ranging...
Persistent link: https://www.econbiz.de/10010343811
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Bottleneck links, essential intermediaries, and competing paths of diffusion in networks
Manea, Mihai - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 1017-1053
intermediation chains from buyers in their equivalence classes. Links within the same class constitute bottlenecks for information …
Persistent link: https://www.econbiz.de/10012806313