Market Organisation

G. Weisbuch, Alan Kirman and Dorothea Herreiner

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: 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.

Keywords: BARGAINING; PRICES; INFORMATION (search for similar items in EconPapers)
JEL-codes: C70 C78 D40 D80 D83 (search for similar items in EconPapers)
Pages: 43 pages
Date: 1996
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Citations: View citations in EconPapers (16)

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Working Paper: Market Organization (1995)
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