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Titlebook: Balanced and Cyclical Growth in Models of Decentralized Economy; Alexander P. Abramov Book 2014 Springer International Publishing Switzerl

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期刊全称Balanced and Cyclical Growth in Models of Decentralized Economy
影响因子2023Alexander P. Abramov
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发行地址Contains innovative approaches to the classical models of game theory and economics.Useful for mathematical economists and graduate students with specialty in mathematical economics.Opens novel direct
学科分类Lecture Notes in Economics and Mathematical Systems
图书封面Titlebook: Balanced and Cyclical Growth in Models of Decentralized Economy;  Alexander P. Abramov Book 2014 Springer International Publishing Switzerl
影响因子.This book is devoted to the study of dynamical models of decentralized economic systems. The models considered are based on the Leontief simple dynamic model with various mechanisms for decentralized planning and management. Branches of the economic system are treated as fully independent economic agents that plan their work according to their own purposes. It is shown that the lack of coordination between economic agents leads to a limit cycle for some economic indicators. Conversely, the exchange of information between the economic agents enables a move toward balanced growth. These results are generalized for the model with dynamics of the productive assets and for the model with the final consumption. The analysis also considers a problem of endogenous technological progress in a decentralized economy. The appendix includes a short review of non-negative matrices. The book offers a valuable resource for mathematical economists and graduate students specializing in mathematical economics..
Pindex Book 2014
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Informationsaufnahme beim Kraftfahrerlrasian equilibrium model. We list those features of decentralized economies that must be included in the mentioned mathematical models. We also note that, if a model assumes that its economic agents are completely autonomous, some variables in that model may exhibit cyclical dynamics.
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