Balanced and Cyclical Growth in Models of Decentralized Economy (Lecture Notes in Economics and Mathematical Systems, Band 672) - Softcover

Buch 110 von 126: Lecture Notes in Economics and Mathematical Systems

Abramov, Alexander P.

 
9783319079165: Balanced and Cyclical Growth in Models of Decentralized Economy (Lecture Notes in Economics and Mathematical Systems, Band 672)
Softcover
ISBN 10: 3319079166 ISBN 13: 9783319079165
Verlag: Springer, 2014

Inhaltsangabe

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.

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Über die Autorin bzw. den Autor

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.

Von der hinteren Coverseite

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.

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Verlag
Springer
Erscheinungsdatum
2014
Sprache
Englisch
ISBN 10 
3319079166
ISBN 13 
9783319079165
Einband
Taschenbuch
Anzahl der Seiten
208
Kontakt zum Hersteller
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Darmstadt
64293
Deutschland

Weitere beliebte Ausgaben desselben Titels

9783319079189: Balanced and Cyclical Growth in Models of Decentralized Economy

Vorgestellte Ausgabe

ISBN 10:  3319079182 ISBN 13:  9783319079189
Verlag: Springer, 2014
Softcover