Middlemen: the good, the bad, and the ugly.

Abstract: We examine the role of a middleman as an expert in markets. A seller's effort determines the quality of the good. Buyers observe neither the seller's effort nor the good's quality. A middleman, after observing a signal about the good's quality, decides whether to purchase it and then to se...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 1; pp. 3 - 23
Main Authors:	Biglaiser, Gary, Li, Fei
Format:	Article
Published:	Wiley-Blackwell Spring2018
Subjects:	Goldman Sachs & Co. Homeowners Social services Distributors (Commerce) Bargaining power
Online Access:	View this record in EBSCOhost