The Boulogne fish market: the social structure and the role of loyalty
We examine the Boulogne wholesale fish market, analysing the structure of the trading network between sellers and buyers. Differently from other works in the literature, our analysis indicates a significant amount of ‘bilateral loyalty’ seller--buyer. Loyalty is from buyers to a few sellers as well as from sellers to a few buyers. We also show that loyalty has an impact on prices, discriminating among agents.
Year of publication: |
2012
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Authors: | Cirillo, Pasquale ; Tedeschi, Gabriele ; Gallegati, Mauro |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 19.2012, 11, p. 1075-1079
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Publisher: |
Taylor & Francis Journals |
Saved in:
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