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Social Structure and Intermediation
Paul D. Ellis
其他書名
Market-Making Strategies in International Exchange
出版
SSRN
, 2003
URL
http://books.google.com.hk/books?id=PhvhzwEACAAJ&hl=&source=gbs_api
註釋
Information gaps between markets create opportunities for international trade intermediaries to negotiate cross-border exchanges. Faced with the prospect of eventually being eliminated from these exchanges, intermediaries must continually search for new opportunities to mediate international exchange. In this paper an original explanation is derived from the core principles of structural hole theory to explain how these market-making firms operate in the tension found between the inevitable decay of existing exchange relationships and the uncertainty of finding replacement sources of income.