Lecture Notes in Economics and Mathematical Systems

Balanced and Cyclical Growth in Models of Decentralized Economy

Authors: Abramov, Alexander P.

  • 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
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eBook $69.99
price for USA (gross)
  • ISBN 978-3-319-07917-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
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  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-319-07916-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

Alexander P. Abramov is a Chief Researcher at the Dorodnicyn Computing Centre of the Russian Academy of Sciences, Moscow. Education: 1977 Ph.D. in Mathematics, Moscow Institute for Physics and Engineering, 1997 Dr. of Sc. in Mathematics, Computing Centre of the Russian Academy of Sciences. He became Professor of Applied Mathematics in 2007.

Table of contents (8 chapters)

  • Introduction

    Abramov, Alexander P.

    Pages 1-6

  • Balanced Growth in Decentralized Economies

    Abramov, Alexander P.

    Pages 7-40

  • Transition to Balanced Growth

    Abramov, Alexander P.

    Pages 41-79

  • The Finance of the Transition Phase

    Abramov, Alexander P.

    Pages 81-98

  • Production Capacities in Decentralized Economies

    Abramov, Alexander P.

    Pages 99-118

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-3-319-07917-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-319-07916-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Balanced and Cyclical Growth in Models of Decentralized Economy
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
672
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-07917-2
DOI
10.1007/978-3-319-07917-2
Softcover ISBN
978-3-319-07916-5
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XII, 194
Topics