Academic Journal
Transaction cost politics in over the counter markets
| العنوان: | Transaction cost politics in over the counter markets |
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| المؤلفون: | FLORE, FEDERICO, Cenci, Marisa |
| المساهمون: | Flore, Federico, Cenci, Marisa |
| سنة النشر: | 2018 |
| مصطلحات موضوعية: | search frictions, transaction costs, equilibrium price |
| الوصف: | In this paper, we extend the model presented by Duffie et al. [5], assuming that the agents pay the transaction costs, when trading assets in over the counter market. First of all, we determine a formula of equi- librium price, depending on transaction costs, and analyze the formula when vanishing search frictions. Moreover, we measure the impact on equilibrium price of the different transaction cost politics, depending to one who loads to pay them. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| Relation: | volume:12; issue:23; firstpage:1137; lastpage:1156; numberofpages:20; journal:APPLIED MATHEMATICAL SCIENCES; http://hdl.handle.net/11590/340297 |
| DOI: | 10.12988/ams.2018.87103 |
| الاتاحة: | http://hdl.handle.net/11590/340297 https://doi.org/10.12988/ams.2018.87103 |
| رقم الانضمام: | edsbas.DFBAD877 |
| قاعدة البيانات: | BASE |
| DOI: | 10.12988/ams.2018.87103 |
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