Stability analysis of a cobweb model with market interactions
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...
متن کاملA behavioral cobweb-like commodity market model with heterogeneous speculators
a r t i c l e i n f o According to empirical studies, speculators place significant orders in commodity markets and may cause bubbles and crashes. This paper develops a cobweb-like commodity market model that takes into account the behavior of technical and fundamental speculators. We show that interactions between consumers, producers and heterogeneous speculators may produce price dynamics wh...
متن کاملa study on insurer solvency by panel data model: the case of iranian insurance market
the aim of this thesis is an approach for assessing insurer’s solvency for iranian insurance companies. we use of economic data with both time series and cross-sectional variation, thus by using the panel data model will survey the insurer solvency.
Analysis of the Anticipative Cobweb Model Dynamics
The cobweb model of competitive market dynamics has been examined in the form of system dynamics model. The classical formulation of the cobweb demand-supply model has been transformed in the set of equations suitable for system dynamics modelling. The model has been expanded by the time parameter ∆t which enables the stability analysis of the model for the change in the ∆t. The structure of th...
متن کاملStability of Analysis by New Disequilibrium Cobweb Model of Coal Supply and Demand
This paper is based on the analysis of the supply and demand of coal and the time lag between supply and demand, the economics cobweb model is applied to coal of supply and demand,establish a coal supply and demand disequilibrium cobweb model under the national macro-control to study the stability of price volatility.The second part is in the coal market of free competition, the use of non-equi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Applied Mathematics and Computation
سال: 2009
ISSN: 0096-3003
DOI: 10.1016/j.amc.2009.07.053