cobweb model
An economic model that ascribes the periodic price fluctuations in certain types of…An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices.
Значення
значень: 1An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices.
Походження
So called because it can be represented in a diagram as curves overlaid on a spiral, resemSo called because it can be represented in a diagram as curves overlaid on a spiral, resembling a spider's web.
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Форми
множина: cobweb models| Однина | cobweb model |
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| Множина | cobweb models |
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