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01704cas a2200301 a 4500 |
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AALejournalIMF003220 |
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230101c9999 xx r poo 0 0eng d |
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|c 5.00 USD
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|z 9781451859065
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|a 1018-5941
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| 040 |
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Quota Brokers.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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| 300 |
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|a 1 online resource (18 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 wedge they create between the buying and selling price limits the extent to which they facilitate trade. We develop and simulate a model of quota broker behavior to examine their welfare implications.
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|a Mode of access: Internet
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|a Licensing
|2 imf
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|a Market Power
|2 imf
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|a Market Structure and Pricing
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|a Rationing
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|a WP
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|a IMF Working Papers; Working Paper ;
|v No. 2004/179
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/179/001.2004.issue-179-en.xml
|z IMF e-Library
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