Over-the-Counter Markets
收藏NBER2004-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10816
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资源简介：
We study how intermediation and asset prices in over-the-counter markets are affected by illiquidity associated with search and bargaining. We compute explicitly the prices at which investors trade with each other as well as marketmakers' bid and ask prices in a dynamic model with strategic agents.
提供机构：
美国国家经济研究局创建时间：
2004-10-01
