Authors:
- 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
- Includes supplementary material: sn.pub/extras
Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 672)
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Table of contents (8 chapters)
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Front Matter
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Back Matter
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.
Authors and Affiliations
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Dorodnicyn Computing Centre of RAS, Russian Academy of Sciences, Moscow, Russia
Alexander P. Abramov
About the author
Bibliographic Information
Book Title: Balanced and Cyclical Growth in Models of Decentralized Economy
Authors: Alexander P. Abramov
Series Title: Lecture Notes in Economics and Mathematical Systems
DOI: https://doi.org/10.1007/978-3-319-07917-2
Publisher: Springer Cham
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer International Publishing Switzerland 2014
Softcover ISBN: 978-3-319-07916-5Published: 30 July 2014
eBook ISBN: 978-3-319-07917-2Published: 16 July 2014
Series ISSN: 0075-8442
Series E-ISSN: 2196-9957
Edition Number: 1
Number of Pages: XII, 194
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Economic Growth, Game Theory, Economics, Social and Behav. Sciences, Macroeconomics/Monetary Economics//Financial Economics