Showing 2025Show all
2 papers · 1 filter
econ.TH2025
Convergence to stationary points in the Weisbuch-Kirman-Herreiner model for buyers' preferences in fish markets
Ali Ellouze, Bastien Fernandez
In a paper published in The Economic Journal in 2000, Weisbuch et al.\ introduce a model for buyers' preferences to the various sellers in over-the-counter (OTC) fish markets. Whil…
econ.TH2025
A simple model for the population dynamics in OTC wholesale fresh product markets
Ali Ellouze, Bastien Fernandez
Given the combined evidences of bounded rationality, limited information and short-term optimization, over-the-counter (OTC) fresh product markets provide a perfect instance where…