Dynamics of Maize Price in Ghana: Linear versus Nonlinear Cobweb Models

Martin Anokye, Francis T. Oduro, John Amoah-Mensah, Prince O. Mensah, Emelia O. Aboagye

Abstract


This paper intends to study the price dynamics of maize in Ghana using cobweb models derived from linear demand and nonlinear supply function and then compare with that from linear demand and supply functions which are constructed from real economic price and production data of maize. Comparative analysis of stability conditions of the equilibrium was discussed.


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ISSN (Paper)2222-1700 ISSN (Online)2222-2855

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