Prices, delay and the dynamics of trade

e-Archivo Repository

Show simple item record Moreno, Diego Wooders, John
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía 2010-03-10T11:07:35Z 2010-03-10T11:07:35Z 1999-05
dc.identifier.issn 2340-5031
dc.description.abstract We characterize trading patterns and their dynamics in a market in which trade is bilateral, finding a trading partner is costly, prices are determined by bargaining, and preferences are private information. We also determine how the trading pattern depends on the market composition. Our analysis reveals that market equilibria may be inefficient and may exhibit delay. As the market becomes frictionless the welfare loss due to inefficiency vanishes; delay persists, however, and in this respect frictionless markets are not competitive.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Economics
dc.relation.ispartofseries 1999-32-14
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.subject.other Trade dynamics
dc.subject.other Matching
dc.subject.other Bargaining
dc.subject.other Delay
dc.subject.other Asymmetric information
dc.subject.other Decentralized trade
dc.title Prices, delay and the dynamics of trade
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
 Find Full text

Files in this item

*Click on file's image for preview. (Embargoed files's preview is not supported)

The following license files are associated with this item:

This item appears in the following Collection(s)

Show simple item record