This work deals with a dynamical model able to represent the equilibrium of a monopolistic market which is 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 market.
Quantitative dynamics for the pedlar model
CORAZZA, Marco
;FUNARI, Stefania
1998-01-01
Abstract
This work deals with a dynamical model able to represent the equilibrium of a monopolistic market which is 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 market.File in questo prodotto:
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1998-Corazza_Funari-Quantitative_dynamics_for_the_pedlar_model-ICARE.pdf
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