Marketmaking Middlemen.

This article develops a model in which market structure is determined endogenously by the choice of intermediation mode. There are two representative modes of intermediation that are widely used in real‐life markets: one is a middleman mode where an intermediary purchases inventory from the wholesal...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 54; no. 1; pp. 83 - 104
Main Authors:	Gautier, Pieter, Hu, Bo, Watanabe, Makoto
Format:	Article
Published:	Wiley-Blackwell Mar2023
Subjects:	Distributors (Commerce) Market design & structure (Economics) Wholesale trade
Online Access:	View this record in EBSCOhost