Social Construction of Flows: Price Profiles Across Producers Gear to Market Context Upstream, Downstream and Cross-Stream

Harrison C. White
Varieties of quality competition across a production market can be extrapolated out of two dual forms of competition, oriented upstream and downstream. Counter pressure for equally good deals interlocks with producers' own self-interested choices to maximize their profits. The mechanism is a profile in revenue versus volume, with a niche for each producer. Simplicity in valuation schedules used to describe context enables exact solutions across very wide ranges of contexts that can sustain profiles of...
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