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The role of intermediaries in innovation processes has been analyzed in the literature from a dual point of view of the firm's performances. Being considered actors involved in the knowledge diffusion and technology transfer, intermediaries are considered collaborators of small and large...
Persistent link: https://www.econbiz.de/10011400010
Development banks are facing changing market conditions with low interest rates, rapid technological change, and an increased interest in impact investment. This combination of factors challenges traditional processes and business models, but also provides a chance to develop new and sustained...
Persistent link: https://www.econbiz.de/10013177219
I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders …
Persistent link: https://www.econbiz.de/10010427150
This paper deals with trade platforms whose operators not only allow third party sellers to offer their products to consumers, but also offer products themselves. In this context, the platform operator faces a hold-up problem if he uses classical twopart tariffs only as potential competition...
Persistent link: https://www.econbiz.de/10014374544
novel explanation for the use of proportional platform fees. -- intermediation ; platform tariff ; hold-up problem …
Persistent link: https://www.econbiz.de/10009528884
This paper studies bargaining and exchange in a networked market with intermediation. Possibilities to trade are …
Persistent link: https://www.econbiz.de/10009565541
Förderbanken sehen sich verändernden Marktbedingungen mit niedrigen Zinssätzen, schnellem technologischen Wandel und einem erhöhten Interesse an Impact-Investitionen gegenüber. Dieses Umfeld stellt traditionelle Prozesse und Geschäftsmodelle in Frage, birgt aber auch eine Chance, neue und...
Persistent link: https://www.econbiz.de/10012940074
We estimate the systemic effects of exit by a key over-the-counter (OTC) intermediary. In our model, risk-averse traders are connected by a core-periphery network. If traders are also averse to concentrated bilateral exposures then the incomplete network prevents full risk sharing. We quantify...
Persistent link: https://www.econbiz.de/10012851405
Investors can execute trades through either brokers that trade on their behalf (agency intermediation) or dealers that … trade with them (principal intermediation). We explain the heterogeneity in intermediation via the trade-off between … monitoring. Dealers internalize outcomes but face inventory costs. Consistent with model predictions, agency intermediation is …
Persistent link: https://www.econbiz.de/10012855593
In the Indian state of West Bengal, potato farmers sell to local middlemen because they lack direct access to wholesale markets. In high-frequency farmer marketing surveys we find that farmers are poorly informed about wholesale and retail prices, and there is a large gap between wholesale and...
Persistent link: https://www.econbiz.de/10013018149