Simultaneous multilateral search
This paper studies simultaneous multilateral search (SMS) in over-the-counter markets: When searching, a customer simultaneously contacts several dealers and trades with the one offering the best quote. Higher search intensity (how often one can search) improves welfare, but higher search capacity (...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2023
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7284 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8283/viewcontent/SimultaneousMultiSearch_sv__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |