Add to ORKGThe question of how certain types of market-intermediating mid-dlemen can be held in low regard is addressed. A model in which pure rent-seeking middlemen emerge endogenously is provided. Individuals di¤er according to their persuasiveness and according to their produc-tivity. Those who are highly persuasive but relatively unproductive are the people most likely to become middlemen. However, only pro-ductivity di¤erentials are shown to be essential for the emergence of middlemen. 1
This paper studies the bid-ask spread set in an intermediated market for a homogeneous good with mid...
<p>Middlemen play an important role by linking farmers to traders and final markets. This is particu...
This paper proposes a theory of intermediation, in which intermediaries emerge endogenously as the c...
This paper presents a framework in which middlemen emerge to intermediate between ex-ante homogeneou...
We present a model in which the microstructure of trade in a commodity or asset is endogenously det...
In economic theory producers (firms) compete to satisfy the needs of consumers and on this way try t...
Public distrust of middlemen frequently occurs in market systems. Boycotts, regulations, and investi...
This paper presents a search-theoretic model where middlemen can emerge endogenously to intermediate...
This paper develops a model in which market structure is determined endogenously by the choice of in...
The question analyzed in this paper is whether a market that otherwise experiences an Akerlofian "le...
We provide a competitive theory of middlemen or entrepreneurs who develop brand-name reputations nec...
We study decentralized markets with the presence of middlemen, modeled by a non-cooperative bargaini...
Money and middlemen are two widely observed intermediaries of exchange. Recently, search-theoretic e...
This paper presents a search-theoretic model where middlemen can emerge endogenously to intermediate...
Many categories of middlemen can act in a distribution channel. We consider that the efficiency of a...
This paper studies the bid-ask spread set in an intermediated market for a homogeneous good with mid...
<p>Middlemen play an important role by linking farmers to traders and final markets. This is particu...
This paper proposes a theory of intermediation, in which intermediaries emerge endogenously as the c...
This paper presents a framework in which middlemen emerge to intermediate between ex-ante homogeneou...
We present a model in which the microstructure of trade in a commodity or asset is endogenously det...
In economic theory producers (firms) compete to satisfy the needs of consumers and on this way try t...
Public distrust of middlemen frequently occurs in market systems. Boycotts, regulations, and investi...
This paper presents a search-theoretic model where middlemen can emerge endogenously to intermediate...
This paper develops a model in which market structure is determined endogenously by the choice of in...
The question analyzed in this paper is whether a market that otherwise experiences an Akerlofian "le...
We provide a competitive theory of middlemen or entrepreneurs who develop brand-name reputations nec...
We study decentralized markets with the presence of middlemen, modeled by a non-cooperative bargaini...
Money and middlemen are two widely observed intermediaries of exchange. Recently, search-theoretic e...
This paper presents a search-theoretic model where middlemen can emerge endogenously to intermediate...
Many categories of middlemen can act in a distribution channel. We consider that the efficiency of a...
This paper studies the bid-ask spread set in an intermediated market for a homogeneous good with mid...
<p>Middlemen play an important role by linking farmers to traders and final markets. This is particu...
This paper proposes a theory of intermediation, in which intermediaries emerge endogenously as the c...