abstract:In economics, an 'inverse demand function', P = f−1(Q),is a function that maps the quantity of output demanded to the market price (dependent variable) for that output. Quantity demanded, Q, is a function of price; the inverse demand function treats price as a function of quantity demanded, and is also called the price function.
Byusing a conceptofadaptiveexpectedoutput and moderncontroltheory, a dynamic adaptive Cournotmodel, which the inversedemand curve function is nonlinear in the market, is established.