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THE CLOSED-LOOP EFFECTS OF MARKET INTEGRATION IN A DYNAMIC DUOPOLY

✍ Scribed by KENJI FUJIWARA; TSUYOSHI SHINOZAKI


Book ID
110972154
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
220 KB
Volume
49
Category
Article
ISSN
0004-900X

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A simple computer simulation model of a closed market on a fixed network with free flow of goods and money is introduced. The model contains only two variables: the amount of goods and money beside the size of the system. An initially flat distribution of both variables is presupposed. We show that