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WHERE IS THE WALRASIAN AUCTIONEER FOR AGRICULTURAL MARKETS? AN EXAMINATION OF THE MARKETING INSTITUTION
Moss, Charles B.; Schmitz, Troy G.; Schmitz, Andrew
2001
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Abstract

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.

Details

Title
WHERE IS THE WALRASIAN AUCTIONEER FOR AGRICULTURAL MARKETS? AN EXAMINATION OF THE MARKETING INSTITUTION
Author(s)
Moss, Charles B.
Schmitz, Troy G.
Schmitz, Andrew
Subject(s)
Issue Date
2001
Publication Type
Conference Paper/ Presentation
DOI and Other Identifiers
10.22004/ag.econ.20637
Record Identifier
https://ageconsearch.umn.edu/record/20637
PURL Identifier
http://purl.umn.edu/20637
Language
English
Total Pages
12
Series Statement
Selected Paper and University of Florida, Department of Food and Resource Economics, Staff Paper SP 01-8
Record Appears in
Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2001 Annual meeting, August 5-8, Chicago, IL

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