| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w17511
|
| 来源ID | Working Paper 17511
|
| Buyers, Sellers and Middlemen: Variations on Search-Theoretic Themes |
| Yuet-Yee Wong; Randall Wright
|
| 发表日期 | 2011-10-13
|
| 出版年 | 2011
|
| 语种 | 英语
|
| 摘要 | We study bilateral exchange, both direct trade and indirect trade that happens through chains of intermediaries or middlemen. We develop a model of this activity and present applications. This illustrates how, and how many, intermediaries get involved, and how the terms of trade are determined. We show how bargaining with one intermediary depends on upcoming negotiations with downstream intermediaries, leading to holdup problems. We discuss the roles of buyers and sellers in bilateral exchanges, and how to interpret prices. We develop a particular bargaining solution and relate it to other solutions. In addition to contrasting our framework with other models of middlemen, we discuss the connection to different branches of search theory. We also illustrate how bubbles can emerge in intermediation. |
| 主题 | Microeconomics
; Households and Firms
; Market Structure and Distribution
; Economics of Information
|
| URL | https://www.nber.org/papers/w17511
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575186
|
推荐引用方式
GB/T 7714 |
Yuet-Yee Wong,Randall Wright. Buyers, Sellers and Middlemen: Variations on Search-Theoretic Themes. 2011.
|
|
文件名：
|
w17511.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
