'a pronounced difference between shopkeepers and hawkers. Price competition among the latter takes the form of retail price differentials, whereas among the former it is evidenced in the very strong tendency toward retail price equalisation, even among firms that obtain a commodity at widely varying wholesale prices.'
Similar findings have been reported for Java ( Geertz 1963) and the Philippines ( Dannhaeuser 1983).
Acheson J. 1985. "'Social Organisation of the Maine Lobster Market'", in S. Plattner (ed.), op cit., pp. 105-132.
Akerlof G. A. 1970. "'The Market for Lemons: Quality Uncertainty and the Market Mechanism'", Quarterly Journal of Economics, 84:488-500.