MODELLING OF PRICE DYNAMICS AND DEPRECIATION

• Authors: Drozen František
• Languages of publication: EN

Abstracts

EN

This paper includes a model of price movements (market values) based on the general premise that price is equivalent to market value, as well as other premises. A concrete case involving the application of the dynamic theory of models to a description of the behaviour of price and use in a perfect competitive market is analyzed. The model is constructed from a first-order linear ordinary differential equation and shows, given the market assumptions referred to above for certain types of commodity (such as furs or textiles), that the theory conforms closely to practice, which can be used to construct an estimation theory (for details see Drozen, 2003).

Keywords

EN

DIFFERENTIAL EQUATION; MARKET VALUE; PRICE MODELLING; VALUE IN EXCHANGE

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2008
• Volume: 56
• Issue: 10
• Pages: 1033-1044
• Document type: ARTICLE

Contributors

author

Drozen František

• University of Economics, Department of Commercial Enterprise and Business Communications, Nám. W. Churchilla 4, 130 67 Prague, Czech Republic

• F. Drozen, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

09SKAAAA05636