The Emergence of Market Structure

DOI10.1093/RESTUD/RDAC014MaRDI QIDQ5877759zbMATH OpenOpenAlexFDO

Authors Maryam Farboodi, Gregor Jarosch, Robert Shimer

Publication date 16 February 2023

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

Full work available at URL https://doi.org/10.1093/restud/rdac014

zbMATH Keywords

endogenous search intensityintermediationmiddlemennetwork formationover-the-counter marketsPareto distributionrandom matchingwelfare

Mathematics Subject Classification ID

Trade models (91B60) Stochastic models in economics (91B70)

Recommendations

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Cited in

(13)

• Endogenous market segmentation with heterogeneous agents
• Heterogeneous beliefs in over-the-counter markets
• Input Markets and the Strategic Organization of the Firm
• Trading and information diffusion in over-the-counter markets
• Obstacles to redistribution through markets and one solution
• Making friends meet: network formation with introductions
• Inventory, market making, and liquidity in OTC markets
• Middlemen in search equilibrium with intensive and extensive margins
• A model of network formation for the overnight interbank market: when is core-periphery an illusion?
• Middlemen, inventories and economic dynamics
• Search frictions in over-the-counter foreign exchange markets: theory and evidence
• Intermediation as rent extraction
• When can less be more? Inducing dealer responses in RFQ platforms

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