Sequential Markets, Market Power and Arbitrage
收藏NBER2014-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20782
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资源简介：
We develop a theoretical framework to characterize strategic behavior in sequential markets under imperfect competition and limited arbitrage. Our theory predicts that these two elements can generate a systematic price premium. We test the model predictions using micro-data from the Iberian
提供机构：
美国国家经济研究局
创建时间：
2014-12-01
