Increase in equilibrium price by fast oscillations (Q1728952)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Increase in equilibrium price by fast oscillations |
scientific article |
Statements
Increase in equilibrium price by fast oscillations (English)
0 references
27 February 2019
0 references
Summary: The dynamics of a market can be described by a differential equation. Using the concept of fast oscillation, the system (typical market) can also oscillate around a new equilibrium price, with an increase. Previously that increase was established by applying harmonic force. In present work, harmonic force is replaced by an arbitrary periodic force with zero mean. Hence the increase in equilibrium price can be controlled by varying the external arbitrary periodic force.
0 references
