Intra-Dealer Integration
نویسندگان
چکیده
منابع مشابه
Dealer Intermediation Between Markets
We develop a dynamic model of dealer intermediation between a monopolistic customerdealer (B2C) market and a competitive inter-dealer (B2B) market. Dealers face inventory constraints and adverse selection. We characterize the optimal quote setting and inventory management behavior for both markets in closed form and reveal how price setting in one market segment influences quote behavior in the...
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ژورنال
عنوان ژورنال: European Financial Management
سال: 2010
ISSN: 1354-7798
DOI: 10.1111/j.1468-036x.2010.00553.x