Influence of operations of a speculative nature on the demand-supply balance

Economic & mathematical methods and models
Authors:
Pervadchuk Vladimir P. Sevodin Mikhail A.
Abstract:

The "cobweb" model of a market of a certain product has been used to study the role of speculative operations in establishing the supply and demand balance. We have considered some cases in which the appearance of speculative operations lead to a transition from an unstable situation to a stable one.