About a mathematical model of market
In the paper a famous mathematical model of macroeconomics, which is called "market model" was considered. Traditional versions of this model have no periodic solutions and, therefore, they cannot describe a cyclic recurrence of the market economy. In the paper for the corresponding equati...
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description | In the paper a famous mathematical model of macroeconomics, which is called "market model" was considered. Traditional versions of this model have no periodic solutions and, therefore, they cannot describe a cyclic recurrence of the market economy. In the paper for the corresponding equation a delay was added. It allows obtaining sufficient conditions for existence of the stable cycles. |
doi_str_mv | 10.1088/1742-6596/788/1/012024 |
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subjects | Economic models Market economies Mathematical models Physics |
title | About a mathematical model of market |
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