Price waves in information microeconomics

Title	Price waves in information microeconomics
Authors	A. E. Rassadin¹, M. I. Rubtsov¹ ¹HSE University
Annotation	The paper considers a model of mathematical geoeconomics describing a linear equidistant chain of identical Evans-type retail outlets selling a certain product, and information exchange about the price of the product is carried out between these points, leading to an additional local change. It is shown that this information exchange generates the propagation of a wave of product prices along this chain.
Keywords	supply and demand, method of characteristics, Eulerian and Lagrangian coordinates.
Citation	Rassadin A. E., Rubtsov M. I. ''Price waves in information microeconomics'' [Electronic resource]. Proceedings of the International Scientific Youth School-Seminar "Mathematical Modeling, Numerical Methods and Software complexes" named after E.V. Voskresensky (Saransk, July 26-28, 2024). Saransk: SVMO Publ, 2024. - pp. 167-170. Available at: https://conf.svmo.ru/files/2024/papers/paper30.pdf. - Date of access: 21.11.2024.