Titlebook: Balanced and Cyclical Growth in Models of Decentralized Economy; Alexander P. Abramov Book 2014 Springer International Publishing Switzerl

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Introduction,f multisector economies. We emphasize the link between the balanced growth theory and turnpike theory, an effective framework for the qualitative analysis of economic dynamics. We also note that the mathematical economic models considered by the classical balanced growth theory implicitly assume the

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Transition to Balanced Growth, first algorithm assumes that all sectors, when determining their output plans, choose a single projected value of their sales expansion rate. It also assumes that no sector is given priority with respect to receiving resources in short supply. The second algorithm differs from the first one in that

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Production Capacities in Decentralized Economies,des a component that describes the dynamics of production capacities. We show that the extended model can also function in balanced growth mode, when every sector plans its production aiming to maximize its profit. For the extended model, we consider two algorithms for transition to balanced growth.

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Alexander P. AbramovContains 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 direct