The Boulogne fish market: the social structure and the role of loyalty

Pasquale Cirillo, Gabriele Tedeschi and Mauro Gallegati

Applied Economics Letters, 2012, vol. 19, issue 11, 1075-1079

Abstract: We examine the Boulogne wholesale fish market, analysing the structure of the trading network between sellers and buyers. Differently from other works in the literature, our analysis indicates a significant amount of ‘bilateral loyalty’ seller--buyer. Loyalty is from buyers to a few sellers as well as from sellers to a few buyers. We also show that loyalty has an impact on prices, discriminating among agents.

Date: 2012
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DOI: 10.1080/13504851.2011.613749

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