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PRODID:-//Memento EPFL//
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SUMMARY:Simultaneous Multilateral Search
DTSTART:20210122T103000
DTEND:20210122T120000
DTSTAMP:20260407T095613Z
UID:ed081e22bbe44e1ffcf4249e5a39d86c39bc79628accd93cbdc01fb7
CATEGORIES:Conferences - Seminars
DESCRIPTION:Sergei GLEBKIN\, INSEAD\nThis paper studies simultaneous multi
 lateral search (SMS) in over-the-counter (OTC) markets: when searching\, a
  customer contacts several dealers and then trades with the one offering t
 he best quote. Search intensity (how frequently one can search) and search
  capacity (how many potential counterparties one can contact) affect marke
 t qualities differently. Higher search capacity might hurt welfare. Contr
 asting SMS to bilateral bargaining (BB)\, the model shows that customers m
 ight favor BB over SMS when in distress. Such preference for BB might be i
 nefficient and suggests an intrinsic hindrance in the adoption of request-
 for-quote type of electronic trading in OTC markets.
LOCATION:Zoom
STATUS:CONFIRMED
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