| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7154940 | Communications in Nonlinear Science and Numerical Simulation | 2018 | 29 Pages |
Abstract
We propose and numerically analyze a simple dynamical model that describes the firm behaviors under uncertainty of demand. Iterating this simple model and varying some parameter 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.
Related Topics
Physical Sciences and Engineering
Engineering
Mechanical Engineering
Authors
Asaf Levi, Juan Sabuco, Miguel A.F. Sanjuán,