Title :
A dynamic marketing network with monopsonistic acquisition and perfectly competitive disposition
Author :
Zemanian, Armen H.
Author_Institution :
State University of New York at Stony Brook, Stony Brook, NY, USA
fDate :
6/1/1983 12:00:00 AM
Abstract :
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.
Keywords :
Asymptotic stability; Business economics; Large-scale systems; Automatic control; Delay effects; Difference equations; Elasticity; Large-scale systems; Marine vehicles; Mathematical model; Nonlinear dynamical systems; Supply and demand; Time series analysis;
Journal_Title :
Automatic Control, IEEE Transactions on
DOI :
10.1109/TAC.1983.1103297
