Intermediation with Costly Bilateral Exchange

DOI10.2307/2297244MaRDI QIDQ4194692zbMATH OpenOpenAlexFDO

Authors Robert M. Townsend

Publication date 1978

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297244

zbMATH Keywords

CooperativeCore AllocationsExchange EconomyGame Theoretic ModelGeneral Equilibrium TheoryPortfolio TheoryRisk-Sharing

Mathematics Subject Classification ID

Cooperative games (91A12) Other game-theoretic models (91A40) General equilibrium theory (91B50)

Cited in

(14)

• In search of the right middleman
• Financial markets in development, and the development of financial markets
• Transaction costs and institutions: investments in exchange
• Financial collapse: a lesson from the great depression.
• Financial market participation, financial intermediation, and monetary policy
• Financial intermediation in an overlapping generations model with transaction costs
• Trade through endogenous intermediaries
• GROWTH AND INEQUALITY: MODEL EVALUATION BASED ON AN ESTIMATION-CALIBRATION STRATEGY
• An evaluation of financial institutions: impact on consumption and investment using panel data and the theory of risk-bearing
• Buyers, sellers, and middlemen: variations on search-theoretic themes
• Collective decision through an informed mediator
• The transactions cost of money (a strategic market game analysis)
• Sources of TFP growth: occupational choice and financial deepening
• Heterogeneous borrowers, liquidity, and the search for credit

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