A Search-Theoretic Model of the Retail Market for Illicit Drugs
收藏NBER2009-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14980
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资源简介：
A search-theoretic model of the retail market for illegal drugs is developed. Trade occurs in bilateral, potentially long-lived matches between sellers and buyers. Buyers incur search costs when experimenting with a new seller. Moral hazard is present because buyers learn purity only after a trade
提供机构：
美国国家经济研究局
创建时间：
2009-05-01
