The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Middlemen as Experts
Abstract
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 presented.
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Citations
Cites
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
The Role of Market Forces in Assuring Contractual Performance
Klein, B., & Leffler, K. B. (1981) · Journal of Political Economy · doi:10.1086/260996 · Cited by 3,653
Cited by
Quality Disclosure and Certification: Theory and Practice
Dranove, D., & Jin, G. Z. (2010) · Journal of Economic Literature · doi:10.1257/jel.48.4.935 · Cited by 740
Labor Market Intermediaries and the New Paradigm for Human Resources
Bonet, R., Cappelli, P., & Hamori, M. (2013) · Academy of Management Annals · doi:10.5465/19416520.2013.774213 · Cited by 199
The Value of Face-to-Face: Search and Contracting Problems in Nigerian Trade
Startz, M. (2018) · doi:10.2139/ssrn.3096685 · Cited by 107
Experience and Brokerage in Asset Markets: Evidence from Art Auctions
Bruno, B., Garcia‐Appendini, E., & Nocera, G. (2018) · Financial Management · doi:10.1111/fima.12207
Metadata
- Authors
- Biglaiser, G.
- Venue
- The RAND Journal of Economics
- Publisher
- Wiley
- Published
- 1993
- Volume
- 24
- Issue
- 2
- Pages
- 212
- ISSN
- 0741-6261 (ISSN-L)
- OpenAlex
- W2076293751
- Cited by
- 504
- References
- 2
- FWCI
- 5.89
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
