Buyer-Seller Networks in a Circular Market Model
Date Issued
2009
Date
2009
Author(s)
Zheng, Qing-Xuan
Abstract
Information intensity is an important variable of non-price competition between firms, the thesis is based on Kranton & Minehart (2001) buyer-seller networks, consider a circular market with 2n unit in length. Firms inform consumer through releasing information about commodity, and set up prices to maximize profit. We discuss and compare the two cases of homogeneous and heterogeneous firms’ decisions over equilibrium prices and quantity in the oligopolistic industry. The consumers should consider, prices and transportation cost, so that they would buy commodities from the nearest firm. Furthermore, in the process of delivering information, consumers do not inform each other, and make decisions in accordance with the principal of utility maximization.
Subjects
circular market
oligopolistic industry
networks
homogeneous
heterogeneous
Type
thesis
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ntu-98-R96323021-1.pdf
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