Dynamic inefficiency in decentralized capital markets

DOI10.1016/j.jet.2017.11.003zbMath1400.91225OpenAlexW2339677871MaRDI QIDQ1693189

André Kurmann, Stanislav Rabinovich

Publication date: 11 January 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2017.11.003

zbMATH Keywords

bargainingsearchcapital marketsover-the-counter markets

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Actuarial science and mathematical finance (91G99)

Cites Work

• Unnamed Item
• Holdups and overinvestment in capital markets
• Crises and liquidity in over-the-counter markets
• On the Efficiency of Matching and Related Models of Search and Unemployment
• Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade
• Liquidity in Asset Markets With Search Frictions
• Trade Dynamics in the Market for Federal Funds
• Intra-Firm Bargaining under Non-Binding Contracts
• Over-the-Counter Markets
• Leaning Against the Wind
• On the Nature of Capital Adjustment Costs
• Gross Credit Flows

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