This note investigates an effect of financial intermediaries on bilateral exchange. In a search theo-retic framework, it is possible for Pareto inefficient outcomes in bilateral exchanges between firms and laborers, when firms are forced to secure liquidity through financial intermediaries and are unable to communicate the value of the firm to the intermediary. The quantity of labor supplied to firms in the model is below the Pareto optimal level
We study bilateral exchange, both direct trade and indirect trade that happens through chains of int...
We investigate how trading frictions in asset markets affect portfolio choices, asset prices and eff...
The effect that the entry of additional firms has on consumer welfare and efficiency in a simple equ...
I study a search economy in which intermediaries are the driving force co-ordinating the economy on ...
We study bilateral exchange, both direct trade and indirect trade that happens through chains of int...
I study a search economy in which intermediaries are the driving force coordinating the econ-omy on ...
Abstract. In this paper we investigate the effect of mediated partnerships over agents ’ equilibrium...
The dissertation analyzes several important applications of the search-theoretic approach to monetar...
This paper analyzes the role played by intermediation in a decentralized market, where trade is carr...
This paper studies the efficiency of equilibria in a productive OLG economy where the process of fin...
This paper analyzes financial intermediation chains in a search model with an endogenous intermediar...
I study a search-theoretic model with pairwise meetings where dealers arise endogenously. The extent...
We present a model of financial market liquidity provided by financially constrained intermediaries....
A theoretical search model applied to collaboration among firms with a public authority as an interm...
We contrast equilibria in loan markets with bilateral bank-borrower ties, in which proprietary knowl...
We study bilateral exchange, both direct trade and indirect trade that happens through chains of int...
We investigate how trading frictions in asset markets affect portfolio choices, asset prices and eff...
The effect that the entry of additional firms has on consumer welfare and efficiency in a simple equ...
I study a search economy in which intermediaries are the driving force co-ordinating the economy on ...
We study bilateral exchange, both direct trade and indirect trade that happens through chains of int...
I study a search economy in which intermediaries are the driving force coordinating the econ-omy on ...
Abstract. In this paper we investigate the effect of mediated partnerships over agents ’ equilibrium...
The dissertation analyzes several important applications of the search-theoretic approach to monetar...
This paper analyzes the role played by intermediation in a decentralized market, where trade is carr...
This paper studies the efficiency of equilibria in a productive OLG economy where the process of fin...
This paper analyzes financial intermediation chains in a search model with an endogenous intermediar...
I study a search-theoretic model with pairwise meetings where dealers arise endogenously. The extent...
We present a model of financial market liquidity provided by financially constrained intermediaries....
A theoretical search model applied to collaboration among firms with a public authority as an interm...
We contrast equilibria in loan markets with bilateral bank-borrower ties, in which proprietary knowl...
We study bilateral exchange, both direct trade and indirect trade that happens through chains of int...
We investigate how trading frictions in asset markets affect portfolio choices, asset prices and eff...
The effect that the entry of additional firms has on consumer welfare and efficiency in a simple equ...
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