期刊名称:HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度:2002
卷号:2002
出版社:Harvard Institute of Economic Research
摘要:This paper studies the conditions under which two competing and otherwise identical markets or auction sites of different sizes can coexist in equilibrium, without the larger one attracting all of the smaller one’s patrons. We find that the range of equilibrium market sizes depends on the aggregate buyer-seller ratio, and also whether the markets are especially "thin."