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News of the Kabardin-Balkar scientific center of RAS, 2009, Issue 5, Pages 89–97 (Mi izkab685)  

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
References:
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
Bibliographic databases:
Document Type: Article
UDC: 519.86
Language: Russian
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
Citation in format AMSBIB
\Bibitem{Got09}
\by A.~V.~Gotovtsev
\paper Producer’s damage as a function of deviations of market-price and market-supply from its equilibrium values
(Cobweb model as example)
\jour News of the Kabardin-Balkar scientific center of RAS
\yr 2009
\issue 5
\pages 89--97
\mathnet{http://mi.mathnet.ru/izkab685}
\elib{https://elibrary.ru/item.asp?id=https://www.elibrary.ru/item.asp?id=13552244}
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