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Survival And Ownership Of Internet Marketplaces For Agriculture

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  • Wheatley, W. Parker

Abstract

This research develops a theory of how market structure and belief formation drive survival and ownership of marketplaces. This paper explains the process for deriving theoretical predictions about these phenomena and suggests how comparison of theoretical predictions with actual outcomes in the context of agricultural Internet marketplaces provides an empirical test. By providing a sound understanding of the driving forces behind Internet marketplace ownership, a factual basis is introduced relative to concerns about concentration of the ownership of Internet marketplaces in the hands of buyers or sellers in agricultural markets.

Suggested Citation

  • Wheatley, W. Parker, 2003. "Survival And Ownership Of Internet Marketplaces For Agriculture," 2003 Annual meeting, July 27-30, Montreal, Canada 22214, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea03:22214
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    References listed on IDEAS

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    More about this item

    Keywords

    Internet markets; equilibrium selection; commodity markets; ownership; Agribusiness; L19; Q13; C72;

    JEL classification:

    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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