Market Organisation

  • Gérard Weisbuch
  • Alan Kirman
  • Dorothea Herreiner
Conference paper
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 456)

Abstract

We model organization in markets for perishable goods. Our model is based on preferential choice of sellers by buyers according to fidelity parameters, specific to buyer and seller pairs, depending upon the previous history of transactions between partners. We have shown that buyers become either faithful partners or searchers. These results are compared to empirical data from the Marseille wholesale fish market.

Keywords

Entropy Sorting Alan Croup 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1997

Authors and Affiliations

  • Gérard Weisbuch
    • 1
  • Alan Kirman
    • 2
  • Dorothea Herreiner
    • 3
  1. 1.Laboratoire de Physique Statistique de l’Ecole Normale SupérieureParis Cedex 5France
  2. 2.GREQAM EHESS et Université d’Aix-Marseille IIIMarseilleFrance
  3. 3.Economic Theory IIIUniversity of BonnBonnGermany

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