cobweb theorem
Economic model explaining cyclical price and quantity fluctuations in markets with production lags, such as agriculture.
Price fluctuations in agricultural markets are sometimes explained by the cobweb theorem.
Standard kanji spelling for this economic term.
Mixed kana-kanji spelling; it is a variant.
Compound of 蜘蛛の巣 (spider's web) and 理論 (theory), a calque of English 'cobweb theorem', referring to the web-like pattern of supply-demand adjustments over time.