In: Ekonomický časopis/Journal of Economics, vol. 56, no. 10
František Drozen
Details:
Year, pages: 2008, 1033 - 1044
Keywords:
model, price, value, market value, value in exchange, equation, differential equation
JEL Classification: C00, D40
Article type: Vedecký / Article
About article:
This paper includes a model of price movements (market values) based on the general premise that price is equivalent to market value, as well as other premises. A concrete case involving the application of the dynamic theory of models to a description of the behaviour of price and use in a perfect competitive market is analyzed. The model is constructed from a first-order linear ordinary differen-tial equation and shows, given the market assumptions referred to above for certain types of commodity (such as furs or textiles), that the theory conforms closely to practice, which can be used to construct an estimation theory.
This paper includes a model of price movements (market values) based on the general premise that price is equivalent to market value, as well as other premises. A concrete case involving the application of the dynamic theory of models to a description of the behaviour of price and use in a perfect competitive market is analyzed. The model is constructed from a first-order linear ordinary differen-tial equation and shows, given the market assumptions referred to above for certain types of commodity (such as furs or textiles), that the theory conforms closely to practice, which can be used to construct an estimation theory.
How to cite:
ISO 690:
Drozen, F. 2008. Modelling of Price Dynamic and Depreciation. In Ekonomický časopis/Journal of Economics, vol. 56, no.10, pp. 1033-1044. 0013-3035.
APA:
Drozen, F. (2008). Modelling of Price Dynamic and Depreciation. Ekonomický časopis/Journal of Economics, 56(10), 1033-1044. 0013-3035.