Turnover Externalities with Marketplace Trading

This article considers equilibrium decentralized trade when there is a marketplace where buyers and sellers meet costlessly. Since buyers have idiosyncratic match payoffs for each seller's good, some buyers, rather than trade with the current stock of sellers, wait for new sellers to enter the...

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Bibliographic details
Volume: 40
Main Author: Coles, Melvyn Glyn
Format: Journal Article
Language: English
Place of publication: Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association 1999
published in: International Economic Review Vol. 40; no. 4; pp. 851 - 68
Data of publication: 1999
Series: International Economic Review
Online Access: available in Bonn?
Database: RePEc
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