Weisbuch, G.; Kirman, A.; Herreiner, D. - Groupement de Recherche en Économie Quantitative … - 1998
This paper analyses the evolution of trading relationships in a market in which trades take place bilaterally. Buyers reinforce their probability of visiting sellers as a function of the profitability of their past experience. Using the "mean field" approach it is shown that two distant types of...