Complex price dynamics in vertically linked cobweb markets
Sign Up to like & getrecommendations! Published in 2018 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.02.012
Abstract: We enrich the traditional cobweb model by explicitly modelling interdependencies between upstream and downstream farmers in a vertically linked agricultural supply chain. Analysis of the system of nonlinear difference equations characterizing price dynamics in the… read more here.
Keywords: vertically linked; cobweb; complex price; price ... See more keywords