The stability of a dynamic model of a competitive market

  • Vladimir Lyvovich Hatskevich Air Force Military Educational Scientific Center «Military and Air Academy of a Name professor of N. E. Zhukovsky and Yu. A. Gagarin»
  • S.V. Parinov Voronezh branch of Russian financial-economical Institute by correspondence

Abstract

Global stability of the mathematical model describing price dynamics in a competitive market under conditions of multivalued functions ol customers’ demand and manufacturers supplv when applying a weak axiom of discovered preference is determined in the article. A continuous dynamic model of the market for multivolued functions of excess demand в described by means of differential inclusions. Therefore, the results of the theory ol differencial inclusions are used in the research

Metrics

Metrics Loading ...
Published
2004-12-31
How to Cite
Hatskevich, V. L., & Parinov, S. (2004). The stability of a dynamic model of a competitive market. Proceedings of Voronezh State University. Series: Economics and Management, (2), 168-172. Retrieved from https://journals.vsu.ru/econ/article/view/10238