Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/319
Type: | Journal article |
Title: | Nonlinear-cobweb dynamics in the approach to equilibrium |
Author: | Gaffney, J. Pearce, C. |
Citation: | Australia and New Zealand Industrial and Applied Mathematics (ANZIAM) Journal, 2004; 46:79-83 |
Publisher: | Australian Mathematical Society |
Issue Date: | 2004 |
ISSN: | 1446-1811 |
Statement of Responsibility: | J. M. Gaffney and C. E. M. Pearce |
Abstract: | We discuss some propositions of Holmes and Manning relating to the evolution of price in a cobweb market approaching equilibrium. We find in particular that the detailed behaviour of the linear model is quite typical of nonlinear cobweb models. |
Description: | © Australian Mathematical Society The document attached has been archived with permission from the publisher. |
Published version: | http://www.austms.org.au/Publ/ANZIAM/V46P1/2050.html |
Appears in Collections: | Applied Mathematics publications Aurora harvest 2 |
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