Intégration du marché global dans un système composé de marchés locaux. Analyse par la théorie de la percolation

Stephane Pajot ()

Revue économique, 2003, vol. 54, issue 3, 675-686

Abstract: Apart from trivial situations of zero or total participation of the population in exchanges, the analysis of market integration is a tricky problem. It leads one to assume a certain form of homogeneity, which is not acceptable in the characteristics of local markets and/or in the structure of their relations. Percolation theory, which studies heterogeneous and disordered systems, provides a new approach for this kind of problem. Hence, through numerical simulations of an economic model of local exchange on a network structure, the market integration of the global market appears to be defined by the percolation threshold. Below the threshold, the large dispersion of prices is equivalent to the segmentation phase of the global market. Above the threshold, the small dispersion of prices is associated with the integration phase of the global market. Classification JEL : D4, F15, L11.

JEL-codes: D4 F15 L11 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_543_0675 (application/pdf)
http://www.cairn.info/revue-economique-2003-3-page-675.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:recosp:reco_543_0675

Access Statistics for this article

More articles in Revue économique from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().