cobweb models

A form of cobweb model — An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices.

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Meanings

noun
  1. pluralplural of cobweb model
Cite this entry
APA

cobweb models. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/cobweb%20models

MLA

“cobweb models.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/cobweb%20models. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “cobweb models,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/cobweb%20models.

Source: cobweb models on Wiktionary, CC BY-SA 4.0.