Exporting Through Intermediaries

Peddling Influence through Intermediaries

Trade through Endogenous Intermediaries∗

We propose an intermediation core for an economy that is explicit in how traders organize themselves into trade cooperatives (intermediaries) and how trade between them gets carried out. The intermediation core allocations are closely related to equilibrium allocations of a non-cooperative intermediation game in Townsend (1983). We show that the intermediation core contains all subgame-perfect ...

Peddling Influence through Intermediaries: Propaganda∗

Information may be transmitted directly from a sender to a receiver, or indirectly through intermediaries. How do intermediaries affect the reporting truthfulness of an informed sender? When does he prefer using intermediaries? In this model, an objective sender or intermediary passes on information truthfully, while a biased one wants to push a particular agenda but also has reputational conce...

Peddling Influence through Well Informed Intermediaries∗

A sender with private information often tries to influence the decisionmaker through well-informed intermediaries such as experts or critics. Both the sender and the intermediary may be independently objective or biased: the objective type passes on the most accurate information, while the biased type wants to push a particular agenda but also to appear objective. Although using one’s own infor...

Quality Management through Electronic Markets Intermediaries

If goods or services in a market vary in quality and the consumer has due to information asymmetry no means to differentiate providers of high quality from providers of low quality, the market can become a ‘lemon market’. This term was introduced by Akerlof to characterise markets where providers of bad quality drive out providers of good quality, creating cost of dishonesty and market failures...