This work deals with a dynamical model able to represent the equilibrium of a monopolistic market which is characterized by the presence of a counterfeiter. The formalization of the behaviours of the economic agents (the monopolist, the counterfeiter and the consumers) leads to a first order linear difference equation system, whose solution describes the dynamical equilibrium of the market.

Quantitative dynamics for the pedlar model

CORAZZA, Marco
;
FUNARI, Stefania
1998-01-01

Abstract

This work deals with a dynamical model able to represent the equilibrium of a monopolistic market which is characterized by the presence of a counterfeiter. The formalization of the behaviours of the economic agents (the monopolist, the counterfeiter and the consumers) leads to a first order linear difference equation system, whose solution describes the dynamical equilibrium of the market.
1998
International Seminar "The Economics of copying and counterfeiting" presso International Center for ARt Economics (ICARE)
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10278/6078
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