Due to the recent popularity of crowdfunding, a broad magnitude of crowdfunding intermediaries has emerged, while research on crowdfunding intermediaries has been largely neglected. As a consequence, existing classifications of crowdfunding intermediaries are conceptual, lack theoretical grounding, and are not empirically validated. Thus, we develop an empirical taxonomy of crowdfunding interme...

Multihoming is a solution that enables a faulttolerant access to the Internet by configuring on each network entity several IP addresses associated with distinct ISPs. IPv6 natively allows end-hosts and end-sites to be multihomed where nodes and routers can have multiple IP addresses. However, a specific support is required to take full advantage of multihoming. The SHIM6 protocol provides such...

This paper generalizes Rubinstein and Wolinsky’s model of middlemen (intermediation) by incorporating production and search costs, plus more general matching and bargaining. This allows us to study many new issues, including entry, efficiency and dynamics. In the benchmark model, equilibrium exists uniquely, and involves production and intermediation for some parameters but not others. Sometime...

The object of this paper is to discuss intermediation on-line from the perspective of two-sided markets. It builds a simple model of the intermediation activity when trading partners are involved into a commercial relationship and uses it to illustrate some of the results that emerge in the two-sided market literature, as well as to discuss some new aspects. The first part concentrates on a mon...

The theoretical literature concerning supply chain intermediation is surveyed to develop a framework of five intermediary states. Data collected on 134 electronic intermediaries are employed to explore correlations between intermediation states, growth strategies and firm profitability, in a sample representing both service based and commodity based intermediaries. The study finds a positive re...

This paper considers transactions involving Prisoners’ Dilemmas with an outside option. In the unique subgame perfect equilibrium of the game no interaction takes place. Since there is no official legal system of contract enforcement cooperation cannot be obtained. Intermediation offers adequate information and/or enforcement to crowd out defectors and to yield social optimality. An experiment ...

This paper analyzes the role played by intermediation in a decentralized market, where trade is carried out through bilateral bargaining, and where the bargaining outcomes depend on the process of search for suitable trading partners. To this purpose, ...rst a model of random matching and twosided search with heterogeneous agents is developed. The characterization of pure search equilibria is p...

The paper questions the notion that the diffusion of electronic commerce will lead to disintermediation. Rather than interpreting intermediation as a single service it is pointed out that intermediaries can provide a number of services. The analysis based on the New Institutional Economics, Market Microstructure Theory, and Information Economics shows that the three intermediation services stud...

Using a vector error-correction model, I explore the short-run dynamics and long-run linkages between financial reform and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown to have a positive influence on private saving, while increases in real interest rates have a negative impact. The effectiveness of financial intermediation...

I use the neoclassical growth model to study financial intermediation in the U.S. over the past 140 years. I measure the cost of intermediation on the one hand, and the production of assets and liquidity services on the other. Surprisingly, the model suggests that the finance industry has become less efficient: the unit cost of intermediation is higher today than it was a century ago. Improveme...