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Simulating the Performance of a Multiple Exchange Mechanism Market

Published online by Cambridge University Press:  28 April 2015

Richard L. Kilmer  and
Ronald W. Ward
Richard L. Kilmer
Affiliation:
University of Florida
Ronald W. Ward
Affiliation:
University of Florida
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Extract

The impact of a monopolist or monopsonist on the price and output performance in comparison with perfectly competitive markets is well documented. These markets are coordinated through spot market exchanges.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 14 , Issue 2 , December 1982 , pp. 17 - 21
Copyright
Copyright © Southern Agricultural Economics Association 1982

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