On the Segmentation of Markets
This paper endogenizes the market structure of an economy with heterogeneous agents who want to form bilateral matches in the presence of search frictions and when utility is nontransferable. There exist infinitely many marketplaces, and each agent chooses which marketplace to be in: agents get to c...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1129 https://ink.library.smu.edu.sg/context/soe_research/article/2128/viewcontent/SegmentationRevision2.pdf |
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| Institution: | Singapore Management University |
| Language: | English |