Benchmarks in Search Markets
We characterize the role of benchmarks in price transparency of over-the-counter markets. A benchmark can raise social surplus by increasing the volume of beneficial trade, facilitating more efficient matching between dealers and customers, and reducing search costs. Although the market transparency...
Main Authors: | DUFFIE, DARRELL (Author), DWORCZAK, PIOTR (Author), Zhu, Haoxiang (Contributor) |
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Other Authors: | Sloan School of Management (Contributor) |
Format: | Article |
Language: | English |
Published: |
Wiley,
2019-03-06T17:04:10Z.
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Subjects: | |
Online Access: | Get fulltext |
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