Vegetable Price Fluctuation in Albania: A Nonlinear Model for Its Study

Abstract

The change in price of agricultural products and their fluctuations has a major effect on our everyday life end on the development of the society in several aspects. During the recent years, there has been an obvious priority of economic analysis based on nonlinear dynamical models. Cobweb model, despite being simple in its organization, gives valuable explanations about the cyclic tendency of the market, which accounts for the immense interest taken into the improvement of the model. In this article a vegetable price analysis is conducted and the nonlinear cobweb model has also been adduced in order to provide a theatrical basis for price control. All the data gathered and assumptions made refer to the application of model in Albania.

DOI: 10.5901/mjss.2014.v5n2p477