| dc.contributor.author |
Taylor, CR |
|
| dc.date.accessioned |
2010-03-09T15:47:08Z |
|
| dc.date.available |
2010-03-09T15:47:08Z |
|
| dc.date.issued |
1995 |
|
| dc.identifier.uri |
https://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.
|
|
| dc.format.extent |
1685675 bytes |
|
| dc.format.mimetype |
application/pdf |
|
| dc.language.iso |
en_US |
|
| dc.publisher |
Oxford University Press (OUP) |
|
| dc.subject |
Balanced market |
|
| dc.subject |
Buyer |
|
| dc.subject |
Price formation |
|
| dc.subject |
Seller |
|
| dc.subject |
bargaining power |
|
| 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
|
|
| dc.type |
Journal article |
|
| duke.contributor.id |
Taylor, CR|0268639 |
|
