Buyers, sellers, and middlemen: variations on search-theoretic themes

DOI10.1111/IERE.12053MaRDI QIDQ5420145zbMATH OpenOpenAlexFDO

Authors Randall Wright, Yuet-Yee Wong

Publication date 11 June 2014

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w17511.pdf

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Auctions, bargaining, bidding and selling, and other market models (91B26) Economic growth models (91B62) Trade models (91B60)

Recommendations

• Intermediation in markets for goods and markets for assets
• Matching, search and intermediation with two-sided heterogeneity
• Bilateral trading in networks
• Informed intermediaries
• Bargaining, Search Costs and Equilibrium Price Distributions

Cites work

• scientific article; zbMATH DE number 54098 (Why is no real title available?)
• A dynamic equilibrium model of search, bargaining, and money
• A model of merchants
• Bargaining in a non-stationary environment.
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• Cigarette money
• Direct and Indirect Sale of Information
• Directed Matching and Monetary Exchange
• Equilibrium Distributions of Sales and Advertising Prices
• Equilibrium Price Dispersion
• Existence of Steady States With Positive Consumption in the Kiyotaki-Wright Model
• Intermediation with Costly Bilateral Exchange
• Job Creation and Job Destruction in the Theory of Unemployment
• Leaning Against the Wind
• Limit theorems for markets with sequential bargaining
• Liquidity in Asset Markets With Search Frictions
• Market Making by Price-Setting Firms
• Money and prices: A model of search and bargaining
• Money is memory
• Over-the-Counter Markets
• Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons
• Search, evolution, and money
• The bargaining problem
• Wage Bargaining with On-the-Job Search: Theory and Evidence

Cited in

(14)

• A model of merchants
• Multilateral bargaining in networks: on the prevalence of inefficiencies
• Intermediation in markets for goods and markets for assets
• Supply chain intermediation: a bargaining theoretic framework
• Inventory management in decentralized markets
• Rational bubbles and middlemen
• Flipping in the housing market
• Delay in trade networks
• A note on the buyer's problem
• Coalitional bargaining in networks
• Matching, search and intermediation with two-sided heterogeneity
• Market equilibrium in multi‐tier supply chain networks
• scientific article; zbMATH DE number 2165201 (Why is no real title available?)
• Middlemen in search equilibrium with intensive and extensive margins

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