M. GALENIANOS ;
R. L. PACULA ;
N. PERSICO
|
2012
Dans Review of Economic Studies (The) (Vol.79, n°3, 01/07/2012) Article : Périodique
Dans Review of Economic Studies (The) (Vol.79, n°3, 01/07/2012) Article : Périodique
A search-theoretic model of the retail market for illegal drugs is developed. Trade occurs in bilateral, potentially long-lived matches between sellers and buyers. Buyers incur search costs when experimenting with a new seller. Moral hazard is p[...]
Historique