Nonlinear demand-supply model with heterogeneous expectations on the demand side Cover Image

Dynamika nieliniowego modelu konkurencji doskonałej z heterogenicznymi oczekiwaniami po stronie podażowej
Nonlinear demand-supply model with heterogeneous expectations on the demand side

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, a linear demand curve, and nonlinear supply curve. The possible price behaviour is be described. W investigate, how the dynamics of the model depend on parameters.

  • Issue Year: 28/2013
  • Issue No: 03 (1)
  • Page Range: 169-182
  • Page Count: 14
  • Language: Polish