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
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Adaptive economizing and financial feedback in pure competition
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
نویسندگان
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