Market Organisation and Trading Relationships.

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.

MoreLess

Year of publication:	2000
Authors:	Weisbuch, Gerard ; Kirman, Alan ; Herreiner, Dorothea
Published in:	Economic Journal. - Royal Economic Society - RES, ISSN 1468-0297. - Vol. 110.2000, 463, p. 411-36
Publisher:	Royal Economic Society - RES

freely available

Full text |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005570633