%0 Unpublished Work %A Edwards, Huw %D 2009 %T The capital value of the search for trading matches %U https://repository.lboro.ac.uk/articles/preprint/The_capital_value_of_the_search_for_trading_matches/9493571 %2 https://repository.lboro.ac.uk/ndownloader/files/17119727 %K Trade %K Search %K Matching %K Capital %K Economics not elsewhere classified %X This note explores the value of search capital in interim matches in the outsourcing trade, by extending Rauch and Casella s (2003) framework to a dynamic model of matching and searching. On provisional calculations, the sunken cost of this search imposes a similar order of magnitude trade barrier to most tariffs, and would be expected to affect both the intensive and extensive margins of trade. %I Loughborough University