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arXiv · 1701.07333

Supply based on demand dynamical model

Asaf Levi·Juan Sabuco·Miguel A. F. Sanjuan
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Abstract

We propose and analyze numerically a simple dynamical model that describes the firm behaviors under uncertainty of demand forecast. Iterating this simple model and varying some parameters values we observe a wide variety of market dynamics such as equilibria, periodic and chaotic behaviors. Interestingly the model is also able to reproduce market collapses.

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Asaf Levi, Juan Sabuco, Miguel A. F. Sanjuan. 2017-01-23. Supply based on demand dynamical model. https://doi.org/10.1016/j.cnsns.2017.10.008

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