Artikel
MEDIEVAL MATCHING MARKETS
We study the regulation of brokerage in wholesale markets in premodern Central Western Europe. Examining 1,804 sets of rules from 82 cities, we find brokerage was primarily a centralized matchmaking mechanism. Brokerage was more common in towns with larger populations, better access to sea ports and trade routes, and greater political autonomy. Brokers' fee structures varied systematically: price‐based fees were more common for highly heterogeneous goods, quantity‐based fees for more homogeneous goods. We show theoretically that this was broadly consistent with total surplus maximization, and that brokerage was more valuable in markets with unequal numbers of buyers and sellers.
- Language
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Englisch
- Bibliographic citation
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Journal: International Economic Review ; ISSN: 1468-2354 ; Volume: 64 ; Year: 2022 ; Issue: 1 ; Pages: 23-56 ; Hoboken, NJ: Wiley
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Boerner, Lars
Quint, Daniel
- Event
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Veröffentlichung
- (who)
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Wiley
- (where)
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Hoboken, NJ
- (when)
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2022
- DOI
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doi:10.1111/iere.12600
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Boerner, Lars
- Quint, Daniel
- Wiley
Time of origin
- 2022
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