CaltechAUTHORS
  A Caltech Library Service

Competitive Equilibrium with Middlemen: An Empirical Study

Plott, Charles R. and Uhl, Jonathan T. (1981) Competitive Equilibrium with Middlemen: An Empirical Study. Southern Economic Journal, 47 (4). pp. 1063-1071. ISSN 0038-4038. https://resolver.caltech.edu/CaltechAUTHORS:20140220-111245997

[img]
Preview
PDF - Published Version
See Usage Policy.

590Kb

Use this Persistent URL to link to this item: https://resolver.caltech.edu/CaltechAUTHORS:20140220-111245997

Abstract

Public distrust of middlemen frequently occurs in market systems. Boycotts, regulations, and investigations of middlemen are not uncommon [3; 7]. This position of disfavor is somewhat paradoxical since application of economic theory suggests that competition among middlemen can be relied upon to protect consumers and producers. According to received doctrine any differences in purchase and resale prices would reflect the costs involved in market making. Nevertheless public suspicion remains.


Item Type:Article
Related URLs:
URLURL TypeDescription
http://www.jstor.org/stable/1058163OrganizationJSTOR Article
Additional Information:© 1981 Southern Economic Association. Financial support provided by the National Science Foundation and by the Caltech Program for Enterprise and Public Policy is gratefully acknowledged.
Group:Social Science Working Papers
Funders:
Funding AgencyGrant Number
NSFUNSPECIFIED
Caltech Program for Enterprise and Public PolicyUNSPECIFIED
Other Numbering System:
Other Numbering System NameOther Numbering System ID
Social Science Working Paper313
Issue or Number:4
Record Number:CaltechAUTHORS:20140220-111245997
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20140220-111245997
Official Citation:Competitive Equilibrium with Middlemen: An Empirical Study Charles R. Plott and Jonathan T. Uhl Southern Economic Journal , Vol. 47, No. 4 (Apr., 1981) , pp. 1063-1071 Published by: Southern Economic Association Article Stable URL: http://www.jstor.org/stable/1058163
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:43900
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:20 Feb 2014 19:25
Last Modified:03 Oct 2019 06:12

Repository Staff Only: item control page