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dc.contributor.authorGöcke, Matthias
dc.date.accessioned2022-08-10T13:50:44Z
dc.date.available2013-08-06T08:43:37Z
dc.date.available2022-08-10T13:50:44Z
dc.date.issued2012
dc.identifier.urihttp://nbn-resolving.de/urn:nbn:de:hebis:26-opus-100120
dc.identifier.urihttps://jlupub.ub.uni-giessen.de//handle/jlupub/6298
dc.identifier.urihttp://dx.doi.org/10.22029/jlupub-5749
dc.description.abstractConsequences of path-dependent supply side on the market equilibrium are illustrated. Supply is only a subsystem of the entire market with its forcing variable (price) being endogenous from the perspective of the entire market. This results in feedbacks on the equilibrium of price and quantity if transient exogenous disturbances occur. Aggregate hysteresis is modelled by continuous dynamics showing similarities to 'mechanical play'. This contrast the standard firm level modelling of hysteresis resulting from discontinuous (activity/inactivity) switches. Play dynamics are captured in a simple linearized way, just by adding two parameters to a supply equation.en
dc.language.isoende_DE
dc.relation.ispartofseriesDiscussion papers / Zentrum für Internationale Entwicklungs- und Umweltforschung; 61
dc.rightsNamensnennung - Weitergabe unter gleichen Bedingungen Deutschland*
dc.rights.urihttps://creativecommons.org/licenses/by-sa/3.0/?la=de*
dc.subjectpath-dependenceen
dc.subjectplay-hysteresisen
dc.subjectmodelling techniquesen
dc.subject.ddcddc:650de_DE
dc.titlePlay-hysteresis in supply as part of a market modelen
dc.typeworkingPaperde_DE
local.affiliationZentrende_DE
local.opus.id10012
local.opus.fachgebietZentrum für internationale Entwicklungs- und Umweltforschungde_DE


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