cobweb model meaning in Hindi

Examples

1. The cobweb model is a simple supply and demand model for a good over " t " periods.
2. Nicholas Kaldor proposed a model of fluctuations in agricultural markets called the cobweb model, based on production lags and adaptive expectations.
3. The position and direction of the housing sector in the business cycle can be identified by using a cobweb model ( see Tamari, 1981 ).
4. It has been used to characterize a variety of models including the cobweb model, the overlapping generations model, game theory, schedule optimization and asset pricing.
5. The cobweb model has been interpreted as an explanation of fluctuations in various livestock markets, like those documented by Arthur Hanau in German hog markets; see Pork cycle.
6. How to model these expectations has long been controversial, and it is well known that the macroeconomic predictions of the model may differ depending on the assumptions made about expectations ( see Cobweb model ).
7. While his first models of production were static, in 1925 he published a dynamic " moving equilibrium " model designed to explain business cycles this periodic variation from overcorrection in supply and demand curves is now known as the cobweb model.
8. The backward nature of expectation formulation and the resultant systematic errors made by agents ( see Cobweb model ) was unsatisfactory to economists such as John Muth, who was pivotal in the development of an alternative model of how expectations are formed, called rational expectations.
9. Agricultural economists have made many well-known contributions to the economics field with such models as the cobweb model, hedonic regression pricing models, new technology and diffusion models ( Zvi Griliches ), multifactor productivity and efficiency theory and measurement, and the random coefficients regression.