Algorithm for Numerical Simulation of Set of Equilibrium Prices in a Spatially Distributed Market of Oligopsony Type
УДК 519.688
Abstract
A large number of works by both domestic and foreign scientists devoted to the study ofmodels of price competition and ways of achieving numerical price equilibrium. Such works are mainly devoted to markets of oligopoly type. The article considers a variant of the economic-mathematical model of a multiagent spatially distributed market of oligopsony structure under several conditions such as spatial distribution of market agents, one-product, product homogeneity, the existence of restrictions on the volume of production, full awareness of market agents, the linearity of cost functions, and the absence of intermediaries. An algorithm for numerical simulation of configuration parameters of the set of equilibrium prices in the market of the structure under consideration is presented, based on the iterative procedure of price negotiation. The application of the algorithm provides information for choosing an equilibrium price that determines the optimal level of demand and supply of products in the entire market in the process of price competition between consumers of products. Both theoretical and applied study of the mechanism of interaction of participants in a multiagent spatially distributed market of the oligopoly and oligopsony type is possible relying on the proposed model.
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