Market Organisation.

In real markets, price adjustment and the matching of buyers and sellers involve considerable exchange of information. Previous experience is also important in partner selection and in the decision to accept a transaction. The dynamic processes involved can be described in terms taken from cognitive science such as learning and recognition. We have attempted to model such organization in markets for perishable goods.

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Year of publication:	1996
Authors:	Weisbuch, G. ; Kirman, A.P. ; Herreiner, D.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	BARGAINING \| PRICES \| INFORMATION

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	43 pages
Classification:	C70 - Game Theory and Bargaining Theory. General ; C78 - Bargaining Theory; Matching Theory ; D40 - Market Structure and Pricing. General ; D80 - Information and Uncertainty. General ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005634425