.png){kind=icon}
返回
Market microstructure and intermediation
.png){kind=icon}
OA
AI
DOI：10.1257/jep.10.3.135.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
This paper emphasizes the important role played by intermediaries in the economy, including wholesalers, retailers, and financial firms. The paper defines an intermediary as an economic agent that purchases from suppliers for resale to buyers or that helps buyers and sellers meet and transact. Intermediaries coordinate transactions and provide the institutions of exchange that constitute market microstructure. Intermediaries set prices, manage inventories, coordinate exchange, and provide information through guarantees and delegated monitoring. These crucial activities help to explain how markets attain equilibrium prices and quantities. The paper suggests that the study of intermediation should be incorporated into mainstream economic analysis.
Keyword:
FINANCIAL INTERMEDIATION
PRICE ADJUSTMENT
INFORMATION
ALLOCATION
MIDDLEMEN
EFFICIENT
SERVICES
ASK
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
J
IF:
8.8
论文数:
1.8K
被引数:
2.0W
机构
暂无机构信息
引用论文
.png){kind=icon}
Supercapacitors Based on Metal Electrodes Prepared from Nanoparticle Mixtures at Room Temperature
PREAI
分享收藏
查看更多内容