A change in a competitive economy with indivisible commodities

Preprint OPEN
Takayuki Oishi; Shin Sakaue;
(2008)

We consider the relationship between a traditional competitive market and a competitive market with middlemen for trading indivisible commodities. We demonstrate that existence of many homogeneous middlemen leads to a change from the market with middlemen to the bilater... View more
  • References (7)

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