Supply based on demand dynamical model

Asaf Levi, Juan Sabuco and Miguel A. F. Sanjuan

Papers from arXiv.org

Abstract: We propose and analyze numerically a simple dynamical model that describes the firm behaviors under uncertainty of demand forecast. Iterating this simple model and varying some parameters values we observe a wide variety of market dynamics such as equilibria, periodic and chaotic behaviors. Interestingly the model is also able to reproduce market collapses.

Date: 2017-01
New Economics Papers: this item is included in nep-cmp
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