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News of the Kabardin-Balkar scientific center of RAS, 2009, Issue 5, Pages 89–97
(Mi izkab685)
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MATHEMATICS. MATHEMATIC MODELING
Producer’s damage as a function of deviations of market-price and market-supply from its equilibrium values
(Cobweb model as example)
A. V. Gotovtsev Water Problems Institute of the Russian Academy of Sciences
Abstract:
Definition of new economic parameter "average dynamic damage" is offered, which is under-stood as a difference between potential profit of a commodity producer at an equilibrium condition of the market and "nonequilibrium" (i.e. real) profit. Formulas for the approached estimation of a range of change of this parameter are proved at a nonequilibrium condition of the market. Geometrical interpretation of "damage of a commodity producer " is offered.
Keywords:
economical parameter, model of dynamic market-price, Cobweb model, equilibrium, dynamical damage, geometrical interpretation.
Received: 16.09.2009
Citation:
A. V. Gotovtsev, “Producer’s damage as a function of deviations of market-price and market-supply from its equilibrium values
(Cobweb model as example)”, News of the Kabardin-Balkar scientific center of RAS, 2009, no. 5, 89–97
Linking options:
https://www.mathnet.ru/eng/izkab685 https://www.mathnet.ru/eng/izkab/y2009/i5/p89
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