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This paper studies the market microstructure of pre-industrial Europe. In particular we investigate the institution of … brokerage as an efficient matchmaking institution in a two-sided market problem. Furthermore, towns differentiated seller … well as time and geographic variables. -- preindustrial markets ; market microstructure ; efficient matching …
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This paper studies the spread of the Black Death as a proxy for the ow of medieval trade between 1346 and 1351. The Black Death struck most areas of Europe and the wider Mediterranean. Based on a modified version of the gravity model, we estimate the speed (in kilometers per day) of transmission...
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length of established statehood (i.e., state history) and agricultural years. We argue that extractive institutions and …
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