A Discrete Model of Market Adaptation
Journal Title: Бізнес Інформ - Year 2013, Vol 4, Issue 0
Abstract
The article offers a dynamic model of market price formation and production, which allows identification of general regularities of influence of production and technological specific features upon evolution of an economic system. Balance relations, which unite approaches of L. Walras and A. Marshall for description of dynamics of prices and volumes of industrial production of one commodity in the market, serve as the theoretical basis of building the model. Synthesised mathematical model is a system of two linear differential equations for identifying price and volume of the commodity in discrete time. Conditions of stability of the equilibrium position have been obtained for this dynamic system and a relevant parametric analysis was conducted. The article considers in detail periodical modes of functioning of the studied system from the point of view of the theory of economic cycles. The problem of influence of autonomous fluctuations on the demand side in general upon dynamics of price formation and volume of commodity output are considered as an example. Numerical results, which demonstrate all types of fluctuation behaviour including harmonic beat and resonance, are presented with the help of the means of computer modelling.
Authors and Affiliations
Anatolii Voronin, Olga Gunko
Keywords
Related Articles
- EP ID EP146781
- DOI -
- Views 90
- Downloads 0
The Balanced Scorecard Using as a Tool for Management Consulting
The article contains the results of studying characteristics of the consulting market in the sphere of management process organizing. The role of management consultancy for improve the company efficiency is determined. T...
Metamorphosis of the Basic Tools of the State Agricultural Policy
Ukrainian agricultural sector has enormous structural and resource potential, which, along with appropriate State support is able to accelerate development of the national economy, its sucessful interaction with agricult...
Parametric Modeling of the Investment Market Equilibrium of Ukraine
In the paper it was proposed a scientific and methodical approach to the modeling of the equilibrium position in the investment market, which enables to identify the quantitative characteristics of the degree for using o...
Financial Arbitration as Promising Direction of Improving the State Regulation of Financial Services Markets in Ukraine (on Materials of the Financial Arbitration Board of Hungary)
The article discloses the principle of function of the Financial Arbitration Board of Hungary, which is established in 2011. While displaying the specifics of admission and processing complaints from the consumer of fina...
Characterization of the Main Types of Financial Controlling and their Impact on Constructing Efficient Controlling System for an Economic Entity
The article is aimed at characterization of the main types of financial controlling and their impact on constructing efficient controlling system for an economic entity. Evolution of the concepts of financial controlling...