The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Secondary Markets

  • Andrew SweetingEmail author
Living reference work entry


There is a broad and growing literature on secondary markets, partly inspired by the increased ability of consumers to resell and distribute items over the Internet. In this entry I consider when secondary markets exist and discuss the existing theoretical and empirical literatures both on the performance of secondary markets and on how secondary markets affect welfare and what happens in primary markets.


Secondary markets Primary markets Resale Used goods Durable goods Perishable goods 

JEL Classifications

D2 D4 D6 D8 K21 L1 L8 
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Copyright information

© The Author(s), under exclusive license to Springer Nature Limited 2019

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of MarylandCollege ParkUSA

Section editors and affiliations

  • Robert Picard

There are no affiliations available