The Search Theory of OTC Markets
53 Pages Posted: 15 Jun 2020 Last revised: 30 Mar 2023
There are 2 versions of this paper
The Search Theory of OTC Markets
NBER Working Paper No. w27354
Number of pages: 53
Posted: 15 Jun 2020
Last Revised: 30 Mar 2023
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The Search Theory of OTC Markets
CEPR Discussion Paper No. DP14847
Number of pages: 55
Posted: 16 Jun 2020
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: 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
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