The Search Theory of Over-the-Counter Markets
综述了搜寻匹配理论在场外金融市场中的应用,构建简单模型说明典型假设与经济机制,并梳理文献与未来研究方向。
I review the recent literature that applies search-and-matching theory to the study of over-the-counter financial markets. I formulate and solve a simple model to illustrate the typical assumptions and economic forces at play in existing work. I then offer thematic tours of the literature and, in the process, discuss avenues for future research.