Abstract

This work introduces a (toy) market model that relies on a simple, individual decision-making behaviour of suppliers: Which fraction of the current sales to spend for the next production? Within the model, this behaviour - together with characteristic properties of both the market and the particular cost setting - is decisive for the supplier’s long-term existence on the market as well as the resulting market dynamics in general. Eventually, such a market can vanish, become stationary, exhibit market cycles or even go chaotic.