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Matematicheskie Zametki, 2018, Volume 103, Issue 3, Pages 445–459
DOI: https://doi.org/10.4213/mzm11913 (Mi mzm11913) 		 
This article is cited in 2 scientific papers (total in 2 papers)

A Model of Random Sales

I. G. Pospelov

Federal Research Center "Computer Science and Control" of Russian Academy of Sciences, Moscow
Full-text PDF (540 kB) Citations (2)
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DOI: https://doi.org/10.4213/mzm11913
Abstract: It is shown by using a model that even a minor change in prices made by the seller is sufficient to coordinate the actions of independent purchasers so that they act as a single economic agent pursuing the aim of maximizing the effective utility function.
Keywords: utility, trade, jump Markov process, Bellman equation, asymptotics of frequent sales.
Funding agency Grant number
Russian Science Foundation 14-11-00432
This work was supported by the Russian Science Foundation under grant 14-11-00432.
Received: 26.04.2017
Revised: 27.08.2017
English version:
Mathematical Notes, 2018, Volume 103, Issue 3, Pages 453–465
DOI: https://doi.org/10.1134/S0001434618030112
Bibliographic databases:
Document Type: Article
UDC: 519.86
Language: Russian
Citation: I. G. Pospelov, “A Model of Random Sales”, Mat. Zametki, 103:3 (2018), 445–459; Math. Notes, 103:3 (2018), 453–465
Citation in format AMSBIB
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    • This publication is cited in the following 2 articles:
    Citing articles in Google Scholar: Russian citations, English citations
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    		Математические заметки Mathematical Notes
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