WHERE IS THE WALRASIAN AUCTIONEER FOR AGRICULTURAL MARKETS? AN EXAMINATION OF THE MARKETING INSTITUTION

In the classical development of economic equilibrium and efficiency, transaction costs are seldom considered. This study develops a micro- market model of an agricultural market based on quality differences. The study then develops a model of market structure based on the New Theory of the Firm. Using the two models, we draw conclusions about economic potential for E-Commerce.


Subject(s):
Issue Date:
2001
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/20637
PURL Identifier:
http://purl.umn.edu/20637
Total Pages:
12
Series Statement:
Selected Paper and University of Florida, Department of Food and Resource Economics, Staff Paper SP 01-8




 Record created 2017-04-01, last modified 2020-10-28

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