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Balanced and Cyclical Growth in Models of Decentralized Economy (Paperback, 2014 ed.) Loot Price: R2,171
Discovery Miles 21 710
Balanced and Cyclical Growth in Models of Decentralized Economy (Paperback, 2014 ed.): Alexander P. Abramov

Balanced and Cyclical Growth in Models of Decentralized Economy (Paperback, 2014 ed.)

Alexander P. Abramov

Series: Lecture Notes in Economics and Mathematical Systems, 672

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Loot Price R2,171 Discovery Miles 21 710 | Repayment Terms: R203 pm x 12*

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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.

General

Imprint: Springer International Publishing AG
Country of origin: Switzerland
Series: Lecture Notes in Economics and Mathematical Systems, 672
Release date: July 2014
First published: 2014
Authors: Alexander P. Abramov
Dimensions: 235 x 155 x 11mm (L x W x T)
Format: Paperback
Pages: 194
Edition: 2014 ed.
ISBN-13: 978-3-319-07916-5
Categories: Books > Business & Economics > Economics > Macroeconomics > General
Books > Science & Mathematics > Mathematics > Optimization > Game theory
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LSN: 3-319-07916-6
Barcode: 9783319079165

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