China’s role in the global economy has grown tremendously over the past two decades, significantly altering the nature of world markets. In this paper, we study the impact of Chinese supply and demand shocks to the international markets on Peruvian firm-product exports across destinations from...

We apply standard evolutionary dynamics to study of stability of three competing market formats –call market (CM), posted offer (PO) and decentralized market (DM). In our framework, heterogeneous buyers and sellers seek to transact a homogeneous good, which can be done by allocating their time...