Supply based on demand dynamical model
arXiv:1701.07333 · doi:10.1016/j.cnsns.2017.10.008
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.
26 pages, 11 figures