A change in a competitive economy with indivisible commodities

We consider the relationship between a traditional competitive market and a competitive market with middlemen for trading indivisible commodities. We demonstrate that existence of many homogeneous middlemen leads to a change from the market with middlemen to the bilateral market.

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Year of publication:	2008
Authors:	Oishi, Takayuki ; Sakaue, Shin
Institutions:	Faculty of Economics, Keio University

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Extent:	application/pdf
Series:	Keio/Kyoto Joint Global COE Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 2008-018 13 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008487769