The Emergence of Market Structure
收藏NBER2017-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23234
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资源简介：
What market structure emerges when market participants can choose the rate at which they contact others? We show that traders who choose a higher contact rate emerge as intermediaries, earning profits by taking asset positions that are misaligned with their preferences. Some of them, middlemen, are
提供机构：
美国国家经济研究局
创建时间：
2017-03-01
