Author: zbethune

Giulia Brancaccio presenting on August 24, 2020

Paper title: “Search Frictions and Efficiency in Decentralized Transport Markets” Abstract:┬áIn this paper we explore efficiency and optimal policy in decentralized transportation markets that suffer from search frictions, such as taxicabs, trucks and bulk shipping. We illustrate the impact of two externalities: the well-known thin/thick market externalities and what we call pooling externalities. We characterize […]