Impacts of price variations on the balance of world trade

Umnov A (1984). Impacts of price variations on the balance of world trade. Economic Modelling 1 (1): 63-90. DOI:10.1016/0264-9993(84)90011-7.

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Abstract

A standard mathematical model of a trade market is considered, and the concept of an acceptable state of the market is introduced, which takes into account the requirements of all the partners. To evaluate the ‘distance’ between the acceptable and current states of the market, a special mathematical approach is developed. This approach has been found useful for correcting the price vector to bring the states closer together.

Item Type: Article
Research Programs: Regional Issues Program (RUD)
Depositing User: Romeo Molina
Date Deposited: 07 Apr 2016 07:39
Last Modified: 07 Apr 2016 07:39
URI: http://pure.iiasa.ac.at/12495

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