منابع مشابه
Cobweb Chaos in Agricultural Markets: Simulation Results
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" By William Gibson. Martin Seeker 6? Warburg Ltd. 15/-. Perhaps it is professional prejudice, but psychiatric interviews in novels are seldom convincing and The Cobweb is not an exception. The theme, however, need not have been set in a psychiatric hospital. Almost any setting could have been used, and in itself it is interesting and exciting. The book gives a lively account of interpersonal t...
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The behavior of boundedly rational agents in two interacting markets is investigated. A discrete-time model of coupled financial and consumer markets is described. The integrated model is then used to investigate feedback effects between the coupled markets. In particular, the influence of the financial market on product development is demonstrated. The types of traders present in the financial...
متن کاملComplex Price Dynamics in Vertically Linked Cobweb Markets in Less Developed Countries
Advances in nonlinear dynamics have resuscitated interest in the theory of endogenous price fluctuations. In this paper, we enrich the traditional cobweb model by incorporating vertical linkages between agricultural markets, an important aspect of agricultural production in less developed countries that has been largely ignored by the existing literature on chaotic cobweb models. To this end, u...
متن کاملCobweb posets - Recent Results
SUMMARY Cobweb posets uniquely represented by directed acyclic graphs are such a generalization of the Fibonacci tree that allows joint combinatorial interpretation for all of them under admissibility condition. This interpretation was derived in the source papers ([6,7] and references therein to the first author).[7,6,8] include natural enquires to be reported on here. The purpose of this pres...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2010
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2010.05.004