Measuring research benefits in an imperfect market
نویسندگان
چکیده
منابع مشابه
Modelling an Imperfect Market
We propose a simple market model where agents trade different types of products with each other by using money, relying only on local information. Value fluctuations of single products, combined with the condition of maximum profit in transactions, readily lead to persistent fluctuations in the wealth of individual agents.
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ژورنال
عنوان ژورنال: Agricultural Economics
سال: 1994
ISSN: 0169-5150
DOI: 10.1016/0169-5150(94)90043-4