Markets as communication systems: Simulating and assessing the performance of market networks

Galtier Franck, Bousquet François, Antona Martine, Bommel Pierre. 2012. Markets as communication systems: Simulating and assessing the performance of market networks. Journal of Evolutionary Economics, 22 (1) : 161-201.

https://doi.org/10.1007/s00191-011-0225-5

Article de revue ; Article de revue à facteur d'impact

Version publiée - Anglais
Accès réservé aux personnels Cirad
Utilisation soumise à autorisation de l'auteur ou du Cirad.
document_562689.pdf
Télécharger (568kB)

Quartile : Q3, Sujet : ECONOMICS

Liste HCERES des revues (en SHS) : oui

Thème(s) HCERES des revues (en SHS) : Economie-gestion; Psychologie-éthologie-ergonomie

Résumé : As the information relative to endowments, costs and preferences is dispersed among many agents, the quality of resource allocation depends on the ability of markets to communicate information inside the economic system. Because information is transferred through negotiation and transaction behaviors, the network of trading relations defines the channels through which it flows. In the present study, we use new computational tools to analyze the performance of two wholesale trade institutions widely used around the world: network trading and marketplace trading. Whilst network trading and marketplace trading disseminate far fewer bits of information than a perfectly transparent benchmark market, they often manage to generate an allocation of resources that is almost as good. In many cases, network trading proves more.

Mots-clés Agrovoc : marché, service d'information marchés, information sur le marché, marketing, analyse de système, modèle de simulation, application des ordinateurs

Mots-clés complémentaires : Système multiagents

Classification Agris : E70 - Commerce, commercialisation et distribution
U10 - Informatique, mathématiques et statistiques

Champ stratégique Cirad : Hors axes (2005-2013)

Auteurs et affiliations