Logo - springer
Slogan - springer

Economics - Game Theory / Mathematical Methods | Balanced and Cyclical Growth in Models of Decentralized Economy

Balanced and Cyclical Growth in Models of Decentralized Economy

Abramov, Alexander P.

2014, XII, 194 p.

Available Formats:
eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

 
$69.99

(net) price for USA

ISBN 978-3-319-07917-2

digitally watermarked, no DRM

Included Format: PDF and EPUB

download immediately after purchase


learn more about Springer eBooks

add to marked items

Softcover
Information

Softcover (also known as softback) version.

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$89.99

(net) price for USA

ISBN 978-3-319-07916-5

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

  • 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 direction for further research

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.

Content Level » Research

Keywords » Balanced Growth - Cyclical Growth - Decentralized Economy - Technological Progress

Related subjects » Applications - Economic Growth - Game Theory / Mathematical Methods - Macroeconomics / Monetary Economics / Growth

Table of contents / Preface / Sample pages 

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Game Theory / Mathematical Methods.