“Noon Sunshine-Young Scholars Seminar” is a regular academic exchange platform held by School of Finance. It aims to offer valuable occasions of communications among scholars in our college, between teachers and students, the domestic and the oversea. In this semester, we keep our original intention, set off for a new voyage. We will devote ourselves to fostering the academic atmosphere in the college, and promoting the academic level for both teachers and students.

The second session of “Noon Sunshine-Young Scholars Seminar” for the Spring Semester in 2024 is arranged as follows:

Lecture topic : Network Formation and Network Structure in OTC Markets: An Experimental Approach

Keynote Speaker: Ding Shuze

Commentator: Gao Mei

Date : Thursday, March 14th, 2024

Time：12:00-13:00

Lecture Venue：Room 116, School of Finance

Abstract

This project focuses on the network formation process and the structure of the network in the OTC markets. OTC markets are considered decentralized and traders in the market have to search for a counter-party to engage in transactions. Meanwhile, traders can potentially build connections or “links” with other traders and thus form a network. Previous laboratory experimental results suggest that search friction in OTC markets will greatly affect the allocation and prices, while network has the potential to mitigate the impact of search friction. This ongoing project proposes a new experimental design for a better understanding of friction and network in the OTC markets.