• 1 Introduction
  • 2 The Market Setting
  • 3 Equilibrium withMonopolistic Intermediation
  • 3.1 Problem Setup
  • 3.2 The Bellman Equation
  • 3.3 Trigger Intermediation Solution
  • 3.4 Partial Recovery
  • 3.5 Numerical Illustration
  • 4 Oligopolistic and Competitive Intermediation
  • 5 Discussion
  • Appendices
  • References