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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1534 |
DP1534 Potential Unemployment Benefit Duration and Spell Length: Lessons from a Quasi-experiment in Austria | |
Rudolf Winter-Ebmer | |
发表日期 | 1996-12-31 |
出版年 | 1996 |
语种 | 英语 |
摘要 | This paper examines how the introduction of a direct trade alternative for buyers and sellers affects competition among middlemen. Direct trade makes middlemen?s supply and demand functions depend on both bid and ask prices, a feature we term interdependence. A simple model is used to illustrate this phenomenon and to show how interdependence effects depend on the efficiency of direct trade. We find that direct trade does not alter Stahl?s (1988) finding that middlemen may ?corner? the market. This occurs under different conditions and with smaller distortions if there is an active direct trade possibility for sellers and buyers, however. |
主题 | Industrial Organization |
关键词 | Intermediation Middleman Monopolization |
URL | https://cepr.org/publications/dp1534 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530683 |
推荐引用方式 GB/T 7714 | Rudolf Winter-Ebmer. DP1534 Potential Unemployment Benefit Duration and Spell Length: Lessons from a Quasi-experiment in Austria. 1996. |
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