Influence of speculative motives on the stability of a single-commodity market (Q1395261)
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scientific article; zbMATH DE number 1940639
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Influence of speculative motives on the stability of a single-commodity market |
scientific article; zbMATH DE number 1940639 |
Statements
Influence of speculative motives on the stability of a single-commodity market (English)
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1 July 2003
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The paper is centred on some approaches that can be used to analyze the stability of equilibrium in a single-commodity market model with multiple participants having speculative motivation. It is shown that such a motivation can lead to an oscillatory regime of instability. An asymptotic method is proposed for calculating the critical eigenvalues of the Jacobian matrix, based on a small number of aggregates summarizing the characteristics of all participants.
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market model
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single-commodity
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stability
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multiple participants
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speculative motives
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ordinary differential equations
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equilibrium
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0.84064424
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0.82587427
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0.8241494
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