Middlemen and the Allocation of Heterogeneous Goods

Alok Johri and Lohn Leach

Department of Economics Working Papers from McMaster University

Abstract: This paper presents a general equilibrium model in which middlemen emerge to facilitate trade in an environment of idiosyncratic tastes and heterogeneous goods. The gains to the traders can be measured along three dimensions: the rate of production, the time preference losses generated by the matching process, and the quality of the match between consumers’ preferences and the goods they ultimately consume.

Pages: 21 pages
Date: 2000-06
New Economics Papers: this item is included in nep-dge
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Citations: View citations in EconPapers (4)

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Journal Article: Middlemen and the Allocation of Heterogeneous Goods (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:deptwp:2000-06

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