Comparing Search and Intermediation Frictions Across Markets

Gabor Pinter, Semih Uslu   Aug 26,2023

Working Paper No.00127-00

In intermediated markets, trading takes time and intermediaries extract rents. We estimate a structural search-and-bargaining model to quantify these trading... Read More

Production, Trade, and Cross-Border Data Flows

Qing Chang,Longtian Zhang,Liyong Wang, Lin William Cong (叢林)   Dec 30,2023

Working Paper No.00135-00

We build a tractable general equilibrium model to analyze the effects of cross-border data flows and pre-existing development gaps in... Read More