A change in a competitive economy with indivisible commodities

Takayuki Oishi and Shin Sakaue
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Takayuki Oishi: Institute of Economic Research, Kyoto University
Shin Sakaue: Graduate School of Economics, Keio University

No 2008-018, Keio/Kyoto Joint Global COE Discussion Paper Series from Keio/Kyoto Joint Global COE Program

Abstract: 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 bilateral market.

Pages: 13 pages
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:kei:dpaper:2008-018

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