Author:
Gaffney J. M.,Pearce C. E. M.
Abstract
AbstractWe discuss some propositions of Holmes and Manning relating to the evolution of price in a cobweb market approaching equilibrium. We find in particular that the detailed behaviour of the linear model is quite typical of nonlinear cobweb models.
Publisher
Cambridge University Press (CUP)
Subject
Mathematics (miscellaneous)
Cited by
3 articles.
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