Walras dynamic model with the influence of history
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F18%3APU127978" target="_blank" >RIV/00216305:26510/18:PU127978 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Walras dynamic model with the influence of history
Original language description
There are various models of social phenomena formulated in economics, to provide simplified descriptions of the investigated reality. These models enable the interpretation of certain theories, they form a link between theory and reality and allow experiments where experiments on real objects are uneconomical. Our paper demonstrates the possibility of using delay functional differential equations in modelling of market relationships. The aim of this paper is to analyse the behaviour of the Walras dynamic model taking into account the influence of history, applying modern methods of functional analysis. The application part shows the model construction for a real market and the results are presented graphically using Maple.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Inovation Management and Education Excellence through Vision 2020
ISBN
978-0-9998551-0-2
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
884-892
Publisher name
Ibima Publishing
Place of publication
Milano
Event location
Milano
Event date
Apr 25, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000444067200088