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It is shown that decentralized bargaining is subject to a process of "unraveling" in which relatively high value traders (buyers with a high willingness to pay and sellers with low costs) continuously find trading in the centralized markets more attractive until few opportunities for mutually beneficial trade remain outside the centralized marketplace.
As it seeks to improve its image, De Beers is focused on turning itself into what it calls the supplier of choice -- a branded, high-value diamond trader looking to marketing to replace its old monopoly status and to maintain its leadership of the global market for uncut diamonds worth $7 billion to $8 billion a year.
On the other hand, specialised bonsai traders offer everything from young plants, pre-bonsai and pre-styled ficus trees up to high-value bonsai, in most cases well-tended and of good quality.
In southern Ethiopia, the renting of grazing lands by traders for market animals after purchases can be directly traced to the past five years and the increase in high-value export trade in the region (Tiki and Little 2013).
The bootstrap test repeats this process and measures how often the observed Dax Sharpe takes on higher values than the average traders' Sharpe.
Some traders took advantage of this subjectivity to set unreasonably high curves, and later to change those curves to establish even higher values, which they could report as profits immediately, a former manager on the trading desk said.
We assign them higher value.
Says Cummings, I am an aggressive value trader.
High price must mean high value, right?
Is it high value?
Higher values are preferred.
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