Modelling of Price Dynamic and Depreciation
Modelling of Price Dynamic and Depreciation

Summary/Abstract: This paper includes a model of price movements (market values) based on the general premise that price is equivalent to market value, as well as other prem-ises. A concrete case involving the application of the dynamic theory of models to a description of the behaviour of price and use in a perfect competitive market is analyzed. The model is constructed from a first-order linear ordinary differen-tial equation and shows, given the market assumptions referred to above for certain types of commodity (such as furs or textiles), that the theory conforms closely to practice, which can be used to construct an estimation theory (for details see Drozen, 2003).

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