Simulation cobweb model of price formation with delayed supply

Problemi Ekonomiki

Yatsenko Roman Nikolaevich¹  Balykov Oleksiy G.¹ 

[1] Kharkiv National University of Economics ;

关键词: simulation modelling;    cobweb model of price formation;    games with nature;    Markov chains;    profit;    supply;   

DOI  :  

来源: DOAJ

【 摘 要 】

The article presents a simulation cobweb model of price formation with delayed supply. It considers cases with absence and availability of random factors. Randomness is presented in the model as a concept of games with nature with the use of Markov chains. The article studies activity of the retail link in the described environment.

【 授权许可】

Unknown