Memory, market stability and the nonlinear cobweb theorem
نویسندگان
چکیده
منابع مشابه
Stability analysis of a cobweb model with market interactions
This paper explores the steady-state properties and the dynamic behavior of a generalization of the classical cobweb model. Under fairly general demand and cost functions, producers form naïve expectations about future prices and select their output so as to maximize expected profits. Unlike the traditional setup, producers have the choice between two markets, and tend to enter that which was m...
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In this note further clue decisive observations on cobweb admissible sequences are shared with the audience. In particular an announced proof of the Theorem 1 (by Dziemia´nczuk) from [1] announced in India-Kolkata-December 2007 is delivered here. Namely here and there we claim that any cobweb admissible sequence F is at the point product of primary cobweb admissible sequences taking values one ...
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Three matlab-based tools have been developed for the convenient assessment of stability conditions for linear and nonlinear systems. The first is a more helpful and definitive version of nyquist, which has features of automatic zooming (to show all crossings of the real axis and thus display the corresponding critical gain points) and which displays on the real axis a numeral (‘0’, ‘1’ etc.) th...
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ژورنال
عنوان ژورنال: The ANZIAM Journal
سال: 2004
ISSN: 1446-1811,1446-8735
DOI: 10.1017/s1446181100013559