The Search Theory of Over-the-Counter Markets-Reference-Cited by-同舟云学术

The Search Theory of Over-the-Counter Markets

Published:2020-08-02 Issue:1 Volume:12 Page:747-773
ISSN:1941-1383
Container-title:Annual Review of Economics
language:en
Short-container-title:Annu. Rev. Econ.

Author:

Weill Pierre-Olivier¹²³

Affiliation:

1. Department of Economics, University of California, Los Angeles, California 90095, USA;

2. National Bureau of Economic Research, Cambridge, Massachusetts 02138, USA

3. Centre for Economic Policy Research, London EC1V 0DX, United Kingdom

Abstract

I review the recent literature that applies search-and-matching theory to the study of over-the-counter financial markets. I formulate and solve a simple model to illustrate the typical assumptions and economic forces at play in existing work. I then offer thematic tours of the literature and, in the process, discuss avenues for future research.

Publisher

Annual Reviews

Subject

Economics and Econometrics

Link

https://www.annualreviews.org/doi/pdf/10.1146/annurev-economics-091819-124829

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