Stock and Flow Models of Supply and Demand
Posted: Wed May 19, 2004 1:03 pm
Hi,
I'm trying to develop a basic stock and flow
model of supply, demand and price for a commodity.
I've mentioned this to a colleague in our
Economics department, and he advised that
the mathematical basis for such models tend
to be based on sets of simultaneous equations...
Does anyone know of stock and flow
models that address this problem?
regards,
Jim.
_________________________________
Dr. Jim Duggan, Chartered Engineer,
Department of Information Technology,
National University of Ireland, Galway,
IRELAND.
Email: jim.duggan@nuigalway.ie
Web: http://corrib.it.nuigalway.ie
Phone: 353-91-524411 x 3336
I'm trying to develop a basic stock and flow
model of supply, demand and price for a commodity.
I've mentioned this to a colleague in our
Economics department, and he advised that
the mathematical basis for such models tend
to be based on sets of simultaneous equations...
Does anyone know of stock and flow
models that address this problem?
regards,
Jim.
_________________________________
Dr. Jim Duggan, Chartered Engineer,
Department of Information Technology,
National University of Ireland, Galway,
IRELAND.
Email: jim.duggan@nuigalway.ie
Web: http://corrib.it.nuigalway.ie
Phone: 353-91-524411 x 3336