Some generalized models of market balance

ART 75103

UDK 339.13

Authors:

Sergei Udin,

Vadim Stepanov,

Tatyana Stepanova,

Inna Rymyanceva,

Igor Arhipov,

Dmitrii Yakyshin,

Vlada Abramova

Abstract. Some generalization of classical model of market balance (Valras's models) are made. Nonlinearity of laws of the demand and supply, dependence of these laws on change in price speed are considered. Specific examples of application of models are reviewed.

Keywords: demand, offer, differential equation, separate judgment, price, market balance