Search, Dealers, and the Terms of Trade

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Camera, Gabriele;
  • Journal: Review of Economic Dynamics, volume 4, issue 3 July, pages 680-694
  • Identifiers: doi: 10.1006/redy.2001.0130
  • Subject: Search | bargaining | Search, Intermediation, Prices, Bargaining | intermediation | prices | Economics and Econometrics

I study a search theoretic model with pairwise meetings where dealers arise endogenously. The extent of intermediation depends on its cost, trade frictions, and the dealers' ability to negociate favorable terms of trade. Under Nash bargaining, there is a unique equilibr... View more
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