01704cas a2200301 a 4500 AALejournalIMF003220 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859065 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Quota Brokers. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet and transact directly. However, in thin markets, middlemen also have the ability to influence the terms on which trades occur, and the wedge they create between the buying and selling price limits the extent to which they facilitate trade. We develop and simulate a model of quota broker behavior to examine their welfare implications. Mode of access: Internet Licensing imf Market Power imf Market Structure and Pricing imf Rationing imf WP imf IMF Working Papers; Working Paper ; No. 2004/179 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/179/001.2004.issue-179-en.xml IMF e-Library