8 citations
6 papers
Evolutionary Model of Stock Markets
Joachim Kaldasch
The paper presents an evolutionary economic model for the price evolution of stocks. Treating a stock market as a self-organized system governed by a fast purchase process and slow…
Dynamic Model of the Price Dispersion of Homogeneous Goods
Joachim Kaldasch
Presented is an analytic microeconomic model of the temporal price dispersion of homogeneous goods in polypoly markets. This new approach is based on the idea that the price disper…
Evolutionary Model of a Anonymous Consumer Durable Market
Joachim Kaldasch
An analytic model is presented that considers the evolution of a market of durable goods. The model suggests that after introduction goods spread always according to a Bass diffusi…
Evolutionary Model of the Growth and Size of Firms
Joachim Kaldasch
The key idea of this model is that firms are the result of an evolutionary process. Based on demand and supply considerations the evolutionary model presented here derives explicit…
Evolutionary Model of the Personal Income Distribution
Joachim Kaldasch
The aim of this work is to establish the personal income distribution from the elementary constituents of a free market; products of a representative good and agents forming the ec…
The Product Life Cycle of Durable Goods
Joachim Kaldasch
A dynamic model of the product lifecycle of (nearly) homogeneous durables in polypoly markets is established. It describes the concurrent evolution of the unit sales and price of d…