کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9506744 | 1340757 | 2005 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Adaptive economizing and financial feedback in pure competition
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
ریاضیات کاربردی
پیش نمایش صفحه اول مقاله

چکیده انگلیسی
A simple model of pure competition among a finite number of cautious, adaptive economizing firms is used to explore industrial behavior when outputs are bounded by financial feedback. Identical agents share identical trajectories that can converge to a competitive equilibrium, but the slightest heterogeneity in initial conditions, degree of caution, or in unit costs drives all from the market except a subset of competitors who share identical costs and output levels. Those remaining can converge to a competitive equilibrium. If demand is inelastic at such a point, however, fluctuations in output, perhaps after a prolonged period of profitable growth can arise with profitable periods followed by sharp losses or even a complete collapse.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Applied Mathematics and Computation - Volume 164, Issue 2, 16 May 2005, Pages 435-451
Journal: Applied Mathematics and Computation - Volume 164, Issue 2, 16 May 2005, Pages 435-451
نویسندگان
Richard H. Day,