This work deals with a dynamical model able to represent the equilibrium of a monopolistic market characterized by the presence of a counterfeiter. The formalization of the behaviours of the economic agents (the monopolist, the counterfeiter and the consumers) leads to a first order linear difference equation system, whose solution describes the dynamical equilibrium of the counterfeit market.
In this work we present a dynamical model capable of representing the equilibrium of a counterfeit monopolistic market. The formalisation of the economic agents' behaviours leads to a linear finite difference equation, whose solution describes the dynamical equilibrium of the market.
Quantitative dynamics for the pedlar model
CORAZZA, Marco
;FUNARI, Stefania
2004-01-01
Abstract
In this work we present a dynamical model capable of representing the equilibrium of a counterfeit monopolistic market. The formalisation of the economic agents' behaviours leads to a linear finite difference equation, whose solution describes the dynamical equilibrium of the market.File | Dimensione | Formato | |
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2004-Corazza_Funari-Quantitative_dynamics_for_the_pedlar_model-BOOK.pdf
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