The Price Distribution of Consumer Goods in Retail Markets
Derived is an analytic dynamic model of the price distribution of consumer goods in retail markets. The stationary price distribution is established from the conservation equation of offered units and two simplifying assumptions. Under the condition that independent traders make small random price...
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| Format: | Article |
| Language: | English |
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EconJournals
2023-09-01
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| Series: | International Journal of Economics and Financial Issues |
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| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/14595 |