MIDDLEMEN AS EXPERTS

• 成果类型: Article
• 署名作者: BIGLAISER, G
• 刊物名称: RAND JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0741-6261
• DOI: 10.2307/2555758
• 发表日期: 1993
• 页码: 212-223
• 关键词: Signaling games; VALUES

摘要

I show that a middleman can be welfare improving in all equilibria in a quite general bargaining model when adverse selection is present. Conditions are determined for when a middleman is most likely to be in a market. Examples of the theory are also provided.