INDECS - Paper abstract
 

LIMITING POSSIBILITIES OF RESOURCE
EXCHANGE PROCESS IN COMPLEX
OPEN MICROECONOMIC SYSTEM

S. A. Amelkin

 Program Systems Institute of the Russian Academy of Sciences
 Pereslavl-Zalesskij, Russia

Presented at CSNSS'03.

SUMMARY

A problem on extreme performance of microeconomic system with several firms is considered. Each firm aspires to increase the profit. Flows of the good between the firms determine the structure of the system. So, sequential structure corresponds to intermediaries (dealers) operating in the market, parallel structure corresponds to competition in the market. The system at issue is an open economic system because of presence of external flows from the sources described by a distribution of the value of the good. The problem is solved for the basic structures: maximal profit and corresponding prices are found for each firm.


KEY WORDS

open microeconomic systems, optimal prices, series and parallel structures


CLASSIFICATION

ACM Categories and
subject descriptors:
   J.4 [Computer Applications];
Social and behavioral sciences ? Sociology
JEL:D4

Full paper as pdf version.

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Last modified: 20 June 2016.