Accueil
Titre : | Review of Economic Studies (The), Vol.79, n°3. - 01/07/2012 |
Type de document : | Bulletin |
Paru le : | 01/07/2012 |
Dépouillements
Ajouter le résultat dans votre panierArticle : 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[...]