Heterogeneous expectations and perfect competition. Mathematical model Cover Image

Heterogeniczne oczekiwania a konkurencja doskonała: model matematyczny
Heterogeneous expectations and perfect competition. Mathematical model

Author(s): Robert Kruszewski
Subject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: market; expectations; bifurcation; chaos

Summary/Abstract: We investigate the dynamics of the proposed demand-supply model with heterogeneous expectations, and nonlinear demand and supply curves. The possible price behaviour has been described. W investigate, how the dynamics of the model depends on parameters

  • Issue Year: 2014
  • Issue No: 35/2
  • Page Range: 125-137
  • Page Count: 13
  • Language: Polish