Henvendelser

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  • White Papers // Oct 2009

    Intransparent Markets And Intra-Industry Trade

    Buyers are typically unaware of the full set of offers when making a purchase. This paper examines how international trade interacts with this problem of market in transparency. Sellers must communicate their offers through costly advertising, but cannot reach all buyers. Consequently, no market clearing price exists, and sellers randomize...

    Provided By Henvendelser

  • White Papers // Oct 2009

    Intransparent Markets And Intra-Industry Trade

    Buyers are typically unaware of the full set of offers when making a purchase. This paper examines how international trade interacts with this problem of market in transparency. Sellers must communicate their offers through costly advertising, but cannot reach all buyers. Consequently, no market clearing price exists, and sellers randomize...

    Provided By Henvendelser