On the valuation of the price estimation methods on basis of the Molnár–Szidarovszky discrete dynamic model

On the valuation of the price estimation methods on basis of the Molnár–Szidarovszky discrete dynamic model

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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:
Abstract:

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.

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