报告题目:Marketmaking Middlemen
报 告 人:胡博
报告时间: 2021年12月31日(周五)15:30-17:00
报告地点:腾讯会议(会议ID:506 713 129)
主办单位:高等经济研究院
【报告人简介】
胡博,复旦大学经济学院讲师,2019年获得荷兰丁伯根研究所经济学博士学位。主要研究领域包括双边市场、管理层薪酬设计等。
【内容摘要】
This paper 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 holds inventories which are purchased from the wholesale market for the purpose of reselling to buyers; the other is a market-making mode where an intermediary offers a platform for buyers and sellers to trade with each other. We show that a marketmaking middleman, who adopts a mixture of these two intermediation modes, can emerge in a directed search equilibrium and discuss the implications of this for the market structure.
【参会方式】
腾讯会议 会议ID:506 713 129
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https://meeting.tencent.com/dm/U1Yk8zIfa9pc
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撰稿:高姝涵 审核:齐鹰飞 单位:高等经济研究院