Middlemen Margins and Globalization

Article, External research report OPEN
Bardhan, Pranab; Mookherjee, Dilip; 津曲, 正俊;
  • Publisher: Keio Economic Society, Keio University
  • Journal: American Economic Journal: Microeconomics, volume 5, issue 4 November, pages 81-119
  • Identifiers: doi: 10.1257/mic.5.4.81
  • Subject: F21 | trade liberalization | D33 | F12 | reputation | F13 | North-South trade | inequality | middlemen | JEL Classification Nos
    • jel: jel:D63 | jel:F13 | jel:F12 | jel:D82 | jel:L15

We develop a theory of trading middlemen or entrepreneurs who perform financing, quality supervision and marketing roles for goods produced by suppliers or workers. Brand-name reputations are necessary to overcome product quality moral hazard problems; middlemen margins... View more
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