Frictions in Product Markets
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https://www.nber.org/papers/w29259
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This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on markets with frictions, such as transaction costs, asymmetric information, search and matching frictions. We discuss how such frictions affect allocations, favor the emergence of
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美国国家经济研究局创建时间：
2021-09-01
