intermediary. We derive market conditions under which the fixed price offered through the referral system will or will not be lower …

. The model is derived introducing an intermediary and inventory costs in the setting of equilibrium financial markets as …

firms post wages. By using an intermediary agents avoid the coordination problem which prevails in the search market. We … study a monopolistic intermediary and perfect competition between intermediaries, and we consider the welfare properties of … an intermediary institution, compared to an economy with an uncoordinated search process only. …

This paper studies the optimal design of delegation rule in a three-tier principal–intermediary–agent hierarchy. In … the intermediary is moderately biased. Otherwise, as responses to the distortion caused by a biased intermediary, the …

French Public employment service developed a recruitment technique branded ?méthode de recrutement par simulation …

liquidity to asynchronously arriving investors. Empirically, New York Stock Exchange intermediary data reveals economically … captures an intermediary׳s use of price pressure to mean-revert inventory. She trades off revenue loss due to price pressure … against price risk associated with staying in a nonzero inventory state. The closed-form solution identifies the intermediary …