Article ID: | iaor2000231 |
Country: | Hungary |
Volume: | XXVII |
Issue: | 1/2 |
Start Page Number: | 35 |
End Page Number: | 43 |
Publication Date: | Jan 1996 |
Journal: | Szigma |
Authors: | Bessenyei Istvn |
In the paper the Molnár–Szidarovszky dynamic producer–consumer model is extended as a dynamic market model, which can handle the different price estimation methods of the producers. Sufficient condition is derived for the stability of the corresponding system. The price estimation methods are compared on the basis of the producer surplus attained.