A MODEL ON MARKET EQUILIBRIUM USING A DIFFERENTIAL EQUATION WITH TIME DELAYS

In this paper, a model on market equilibrium is proposed using a delay differential equation with discrete delays as a modified version of the one proposed by Kobayashi (1996). The price of a commodity is determined using the equation involving weighted supply and demand functions. Both supply and d...

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Bibliographic Details
Main Authors: Jalina Widjaja, Naufal Zidan Putra Irawan, Yudi Soeharyadi, Dumaria R. Tampubolon
Format: Article
Language:English
Published: Universitas Pattimura 2025-07-01
Series:Barekeng
Subjects:
Online Access:https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/16535
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