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Some Effects of Uncertainty: Simulation of a Model of Price

Arthur J. Nevins

The Quarterly Journal of Economics · 1966 · Volume 80 · Issue 1

DOI: 10.2307/1880580

Abstract

I. Introduction, 73. — II. The formal model, 75. — III. The functions and parameter values in the simulation, 77. — IV. The notion of stochastic equilibrium, 79. — V. Results of the simulation, 81. — VI. A numerical example, 84. — Appendix, 86.

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