Showing 21 - 30 of 13,869
Persistent link: https://www.econbiz.de/10012544636
analyses in various ways, we ask when intermediation emerges and study its efficiency. In one version of the framework, meant … view that intermediation in financial markets is more prone to instability than in goods markets. …
Persistent link: https://www.econbiz.de/10011987452
This paper explores the relationship between market accessibility and various participants' welfare in an intermediated directed-search market. For a general class of meeting technologies, we provide a necessary and sufficient condition under which efficiency requires imperfect accessibility,...
Persistent link: https://www.econbiz.de/10014295063
Persistent link: https://www.econbiz.de/10014337212
Persistent link: https://www.econbiz.de/10011338245
Persistent link: https://www.econbiz.de/10009784056
Persistent link: https://www.econbiz.de/10010364679
Persistent link: https://www.econbiz.de/10011541982
Persistent link: https://www.econbiz.de/10010401381
Persistent link: https://www.econbiz.de/10011412496