2002•Cai-jing wenti yanjiuRequires access

Equilibrium Price:the Price Setting in Dynamic Market and Its Changing Trend

Fang Chen

Abstract

the paper describes a model of differential equation that simulates a dynamic market price.Such a model indicates the impact of price on demand and supply and vise versa.The paper demonstrates that the market price will finally converge into an equilibrium price,and then analyses the fluctuation of output and price with spider-net theory.

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Available abstract

Key concepts: Economics, Limit price, Price level, Market price, Differential (mechanical device), Supply and demand, Microeconomics, Price mechanism