Intermediaries in Decentralized Markets: Evidence from Used-Car Transactions
收藏NBER2025-08-01 更新2025-08-23 收录
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https://www.nber.org/papers/w34136
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资源简介：
We develop and estimate a spatial search-and-bargaining model to study the role of intermediaries and spatial frictions using data from the used-car market. We find that dealers earn price premiums by leveraging three key advantages: selective acquisition of higher-quality cars, superior matching
提供机构：
美国国家经济研究局
创建时间：
2025-08-01
