Coincidence Point of Edelstein Type Mappings in Fuzzy Metric Spaces and Application to the Stability of Dynamic Markets
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Date
2023-09-01
Authors
Shukla, Satish
Dubey, Nikita
Shukla, Rahul
Mezník, Ivan
ORCID
0000-0003-4807-3260Advisor
Referee
Mark
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Volume Title
Publisher
MDPI
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Abstract
In this paper, we prove a coincidence point result for a pair of mappings satisfying Edelstein-type contractive condition on fuzzy metric spaces. We describe the equilibrium of a simple demand-supply model of a dynamic market by the coincidence point of demand and supply functions. With the help of the coincidence point theorem in fuzzy metric spaces, it is showed that a dynamic market of a supply-sensitive nature (or demand-sensitive nature) always tends towards its equilibrium.
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Peer-reviewed
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en