Search, matching, and self-organization of a marketplace

In many developing countries, clusters of small shops are the typical market-place. We investigate an economic model in which, between buyers and sellers in a marketplace, a circular causality including the search process produces agglomeration forces, given the initial location of the marketplace location exogenously in a linear city. We conclude that initial number of buyers and sellers is important in forming a large marketplace.

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Year of publication:	2013-03
Authors:	Ding, Ke ; Gokan, Toshitaka ; Zhu, Xiwei
Institutions:	Institute of Developing Economies, Japan External Trade Organization (JETRO)
Subject:	Microeconomics \| Circular causality \| Market place

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Extent:	application/pdf
Series:	IDE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published in IDE Discussion Paper. No. 396. 2013.3 Number 396
Classification:	R12 - Size and Spatial Distributions of Regional Economic Activity ; d04
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010633404