Do active earnings-driven intermediaries have a significant role to play in dynamic economies, even in the absence of transactions costs and asymmetrical information? This paper shows that the answer is "yes" for the overlapping generations (OG) economy...
This report has been published in Information Systems Division, National Agricultural Library, Extent 21 p.
Pingle, Mark and Tesfatsion, Leigh, "Intermediation In Overlapping Generations Economies" (1991). ISU Economic Report Series. 4.