On Hierarchical Structures Arising Spontaneously in Markets with Perfect Competition

V. Gafiychuk
I. Lubashevsky

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DOI: 10.2190/J4P2-HG0H-874C-MK18

Abstract

It is shown that in the market with the perfect competition there may be certain hierarchical structures arising spontaneously. the elements of these structures are connected with each other by trade interaction between firms which can play the role of buyers and sellers simultaneously and transform material flow to ultimate consumers. All firms minimize efforts to satisfy the consumer demands. the property of ideal supplying of consumers with goods is found in the market with the perfect competition.

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