The Search Theory of OTC Markets

53 Pages Posted: 15 Jun 2020 Last revised: 30 Mar 2023

See all articles by Pierre-Olivier Weill

Pierre-Olivier Weill

University of California, Los Angeles; National Bureau of Economic Research (NBER)

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Date Written: June 2020

Abstract

I review the recent literature that applies search-and-matching theory to the study of Over-the-Counter (OTC) financial markets. I formulate and solve a simple model in order 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.

Suggested Citation

Weill, Pierre-Olivier, The Search Theory of OTC Markets (June 2020). NBER Working Paper No. w27354, Available at SSRN: https://ssrn.com/abstract=3626855

Pierre-Olivier Weill (Contact Author)

University of California, Los Angeles ( email )

Box 951477
Los Angeles, CA 90095-1477
United States

National Bureau of Economic Research (NBER)

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United States

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