This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service. We show …

Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for …, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects …

partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. These … generate different investment incentives and therefore have a real impact on the market economy. While marrying for money …

This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …