A deterministic model for (n = 2) competitive products in a market system | Zendy

M Kekana | Zendy; O Makinde | Zendy

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A deterministic model for (n = 2) competitive products in a market system

Author(s) -

M Kekana,

O Makinde

Publication year - 2011

Publication title -

american journal of undergraduate research

Language(s) - English

Resource type - Journals

eISSN - 2375-8732

pISSN - 1536-4585

DOI - 10.33697/ajur.2011.014

Subject(s) - emigration , stability (learning theory) , immigration , computer science , competitive equilibrium , mathematical economics , econometrics , economics , archaeology , machine learning , political science , law , history

We proposed a new deterministic model for the dynamics of two competitive products in a given market system. The model was analyzed qualitatively to determine the stability of its equilibrium under the influence of factors such as advertisement, personal interaction, immigration and emigration. Numerical verification of the analytical results is performed and presented graphically.

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