Market Organisation and Trading Relationships

Gérard Weisbuch · Alan P Kirman · Dorothea K. Herreiner

233 citations0/0 files storedThe Economic Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Economic theories and models Merger and Competition Analysis Consumer Market Behavior and Pricing

Abstract

In this paper we give a theoretical model of buyers' behaviour on a market for a perishable good where no prices are posted. We show that if buyers learn from their own previous experience there is a sharp division between those who learn to be loyal to certain sellers and those who continue to ‘shop around’. This feature remains in more general models which are simulated and is consistent with empirical data from the Marseille fish market.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 233 citations exist upstream.

Cited by

2003The Stability and Efficiency of Economic and Social Networks 2001Knowledge and markets 2006Evolving networks of inventors 2006Demand Theory and General Equilibrium: From Explanation to Introspection, a Journey down the Wrong Road 2011What’s that got to do with the price of fish? Buyers behavior on the Ancona fish market 2011The price effect of expanding fish auction markets 2012Buyer and seller behavior in fish markets organized as Dutch auctions: Evidence from a wholesale fish market in Southern Europe 2008A Path Toward Fairness

Imported from OpenAlex (CC0) — nothing here is generated.