Supply based on demand dynamical model
General Finance
2017-11-22 v1 Chaotic Dynamics
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.
Cite
@article{arxiv.1701.07333,
title = {Supply based on demand dynamical model},
author = {Asaf Levi and Juan Sabuco and Miguel A. F. Sanjuan},
journal= {arXiv preprint arXiv:1701.07333},
year = {2017}
}
Comments
26 pages, 11 figures