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HIERARCHICAL TRADE.

Commodity trading is typically organized hierarchically: Large‐scale trade takes place at the global price system while individuals trade at local price systems within their countries. Agencies or trading houses establish the link between these different market places. In this paper, we devise a fra...

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Published in:Economic Inquiry Vol. 56; no. 2; pp. 1165 - 1185
Main Authors: Gersbach, Hans, Haller, Hans
Format: Article
Published: Wiley-Blackwell Apr2018
Subjects:
Commerce
Resource allocation
Domestic markets
Retail industry
Free trade
Online Access:View this record in EBSCOhost

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