continuum model

Definition

Economics

• A model in which some entities that are normally discrete and exist in finite numbers are modeled instead by a continuous variable. This can sometimes simplify the treatment of large numbers of entities. In

  trade theory

  , the most notable example is the continuum-of-

  goods

  model.

Nearby Definitions of “continuum model”

• consumer's surplus
• contact
• content
• contest
• continuity
• continuum model
• contract
• control
• controller
• convergence
• conversion

Contexts for “continuum model”

1 definition in context
• Economics