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The Effect of Perceived Seller Reservation Prices on Buyers' Bargaining Behavior in a Flexible-Price Market

✍ Scribed by Abdul-Muhmin, Alhassan G.

Book ID
115441857
Publisher
Haworth Press Inc
Year
2001
Tongue
English
Weight
157 KB
Volume
13
Category
Article
ISSN
0896-1530

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A theoretical model of the wool market that distinguishes between large and small buyers is developed. The model forecasts that "large" buyers with a cost advantage will increase grower prices providing there is competition from a periphery of small, relatively high cost buyers. Econometric estimate