Quota Brokers

Quota Brokers
This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet and transact directly. However, in thin markets, middlemen also have the ability to influence the terms on which trades occur, and the... READ MORE...

Publication date: September 2004
ISBN 9781451859065
$15.00

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