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Numerical results

Numerical simulations do confirm the role of prices in decreasing the amplitude of oscillations and in reducing resource depletion as long as the equilibrium production is in the region where the prices are decreasing with production, when the demand is large with respect to production (see figure 9 and figure 14). When the equilibrium demand is small compared to production and when the prices are maintained by the government or another institution such as a producers organization, oscillations and resource depletion are of course little reduced (see figure 9).



weisbuch
Fri Feb 7 13:18:37 GMT+0100 1997