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dc.contributor.author Taylor, Curtis en_US
dc.date.accessioned 2010-03-09T15:47:08Z
dc.date.available 2010-03-09T15:47:08Z
dc.date.issued 1995 en_US
dc.identifier.uri http://hdl.handle.net/10161/2121
dc.description.abstract The determinants of bargaining power and price formation in a dynamic exchange market where new traders enter randomly over time are studied. When agents on the long side of the market possess the option to wait for the arrival of future partners, the terms of trade in the spot market must honor the value of this option. The equilibrium terms of trade are expressed in intuitive closed-form equations that highlight the distinct influences of short-run spot-market conditions and long-run market demographics. Copyright 1995, the President and Fellows of Harvard College and the Massachusetts Institute of Technology. en_US
dc.format.extent 1685675 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher The Quarterly Journal of Economics en_US
dc.subject Balanced market en_US
dc.subject Buyer en_US
dc.subject Price formation en_US
dc.subject Seller en_US
dc.subject bargaining power en_US
dc.title The Long Side of the Market and the Short End of the Stick: Bargaining Power and Price Formation in Buyers', Sellers', and Balanced Markets en_US
dc.type Journal Article en_US
dc.department Economics

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