9781009700276 - middlemen in search equilibrium: a survey (elements in money and banking) von gong, grace xun; qiao, ziqi; wright, randall (2 Ergebnisse)
- Softcover
Anbieter: Kennys Bookstore, Olney, MD, USAKennys Bookstore
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EUR 36,95
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Zustand: New. 2026. paperback. . . . . . Books ship from the US and Ireland.
- Softcover
Anbieter: AHA-BUCH GmbH, Einbeck, DeutschlandAHA-BUCH GmbH
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EUR 22,50
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Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - Surveys the literature on middlemen (i.e., intermediation in exchange) reviewing, extending and consolidating key developments in the field. This is important because intermediated trade is common in reality but absent in standard general equilibrium… theory. The authors focus on research using search theory. In various models, agents may act as middlemen when they are good at search, bargaining, recognizing quality, storing inventories, using credit, etc. The theory applies to markets for goods, inputs or assets. The authors discuss versions with indivisible or divisible goods, fixed or endogenous participation, stationary and dynamic equilibria, and some implications for efficiency and volatility.
