Possible Uses of Deterministic Equations of Motion in Commodity Price Theory and for Training Appraisers

AbstractLinear and nonlinear deterministic motion equations are used to describe the degressive, progressive and progressive/degressive development of socio-physical system states over time. A homogenous linear differential equation of the second order with constant coefficients is derived to describe the degressive as well as progressive development of the instantaneous relative depreciation of a commodity and the instantaneous relative price of a commodity over time in a model of market structure with perfect competition. A homogenous nonlinear differential equation of the second order is derived to describe the progressive/degressive development of the instantaneous relative depreciation of a commodity over time in a model of market structure with perfect competition. An analogous approach is used to describe the development of instantaneous relative commodity price