A Dynamic Marketing Network with Monopsonistic Acquisition and Perfectly Competitive Disposition

The marketing networks of third-world countries are large systems having many markets and many agents. The dynamic behavior of one form is modeled in this paper by examining the actions of the traders. Recursive analysis yields time series in all prices and commodity flows. The network has a unique equilibrium state. Under certain conditions on supply and demand elasticities, that equilibrium state is locally asymptotically. stable.