A note on the interaction between buyers and sellers

Asher Wolinsky*

*Corresponding author for this work

Research output: Contribution to journalArticle

Abstract

This note demonstrates that common results are sensitive to the form of the buyer-seller interaction, whose important role is ignored by most market models. This is presented by an example of a market in which a buyer does not consider a seller's price quotation as final and can demand a lower price threatening to leave if his offer is not met.

Original languageEnglish (US)
Pages (from-to)117-121
Number of pages5
JournalEconomics Letters
Volume13
Issue number2-3
DOIs
StatePublished - 1983

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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