Middlemen in Search Equilibrium

Adrian Masters

Discussion Papers from University at Albany, SUNY, Department of Economics

Abstract: This paper shows how including divisibility of goods and productive heterogeneity leads to the emergence of middlemen in an equilibrium search environment. In the baseline model, middlemen are welfare reducing and their number increases as market frictions are reduced. When the model is extended to allow for time taken in production and increasing returns-to-scale in the market meeting technology, middlemen can be beneficial to society by speeding up the meeting process.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.albany.edu/economics/research/workingp/2004/ucweb.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.albany.edu/economics/research/workingp/2004/ucweb.pdf [301 Moved Permanently]--> https://www.albany.edu/economics/research/workingp/2004/ucweb.pdf)

Related works:
Journal Article: MIDDLEMEN IN SEARCH EQUILIBRIUM (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nya:albaec:04-11

Ordering information: This working paper can be ordered from
Department of Economics, Building 25, Room 103 University at Albany State University of New York Albany, NY 12222 U.S.A.
http://www.albany.ed ... workingp/index.shtml

Access Statistics for this paper

More papers in Discussion Papers from University at Albany, SUNY, Department of Economics Department of Economics, Building 25, Room 103 University at Albany State University of New York Albany, NY 12222 U.S.A..
Bibliographic data for series maintained by Byoung Park ().