The stability of a dynamic model of a competitive market

Authors

  • 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

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Published

2004-12-31

Issue

No. 2 (2004): July-December

Section

S

How to Cite

Hatskevich, V. L., & Parinov, S. (2004). The stability of a dynamic model of a competitive market. Eurasian Journal of Economics and Management, 2, 168-172. https://journals.vsu.ru/econ/article/view/10238