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On the Equilibrium Without Loss in the Discrete Time Models of Economic Dynamics

Received: 8 August 2017    Accepted: 9 November 2017    Published: 13 December 2017
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Abstract

The model of economic dynamics with a fixed budget is considered. The conditions are derived under which the model with a fixed budget has an equilibrium state with the equilibrium prices. The necessary and sufficient conditions for the existence of equilibrium prices are found.

Published in International Journal of Theoretical and Applied Mathematics (Volume 3, Issue 6)
DOI 10.11648/j.ijtam.20170306.15
Page(s) 203-209
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Production Function, Equilibrium State, Growth Rate

References
[1] Makarov V. L., Rubinov A. M., Mathematical Theory of the Economical Dynamics and Equilibrium, Moscow, Nauka, 1973, pp. 336.
[2] Rubinov A. M. Superlinear Multivalid Mappings and Their Applications to Economical-Mathematical Problems, L. Nauka, 1980.
[3] Rubinov A. M. Mathematical Models of the Expanded Reproduction Models. L. Nauka, 1973.
[4] Hamidov S. I. On a consumer problem, Journal of Pure and Applied Mathematics, Vol. 5, No. 6, 2016, pp. 205-210.
[5] Demyanov V. F., Rubinov A. M., Approximate Methods of Solution of the Extremal Problems, L., LSU, 1968, pp. 180.
[6] Demyanov V. F., Vasilyev L. V., Nondifferentiable Optimization, Moscow, Nauka, 1981, pp. 384.
[7] Fan Ji, On the Systems of Linear Inequalities, In the book “Linear Inequalities and Close Problems”, Moscow, IL, 1969.
[8] Gantmakher F. R., The Theory of Matrices, Moscow, Nauka, 1988, pp. 552.
[9] Rubinov A. M. Equilibrium Mechanisms for Effective and Development of Dynamic Models of Production and Exchange. Technical Cybernetics, 1968.
[10] Kleyner S. B. Production Functions, M., 1986.
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  • APA Style

    Sabir Isa Hamidov. (2017). On the Equilibrium Without Loss in the Discrete Time Models of Economic Dynamics. International Journal of Theoretical and Applied Mathematics, 3(6), 203-209. https://doi.org/10.11648/j.ijtam.20170306.15

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    ACS Style

    Sabir Isa Hamidov. On the Equilibrium Without Loss in the Discrete Time Models of Economic Dynamics. Int. J. Theor. Appl. Math. 2017, 3(6), 203-209. doi: 10.11648/j.ijtam.20170306.15

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    AMA Style

    Sabir Isa Hamidov. On the Equilibrium Without Loss in the Discrete Time Models of Economic Dynamics. Int J Theor Appl Math. 2017;3(6):203-209. doi: 10.11648/j.ijtam.20170306.15

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  • @article{10.11648/j.ijtam.20170306.15,
      author = {Sabir Isa Hamidov},
      title = {On the Equilibrium Without Loss in the Discrete Time Models of Economic Dynamics},
      journal = {International Journal of Theoretical and Applied Mathematics},
      volume = {3},
      number = {6},
      pages = {203-209},
      doi = {10.11648/j.ijtam.20170306.15},
      url = {https://doi.org/10.11648/j.ijtam.20170306.15},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijtam.20170306.15},
      abstract = {The model of economic dynamics with a fixed budget is considered. The conditions are derived under which the model with a fixed budget has an equilibrium state with the equilibrium prices. The necessary and sufficient conditions for the existence of equilibrium prices are found.},
     year = {2017}
    }
    

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    T2  - International Journal of Theoretical and Applied Mathematics
    JF  - International Journal of Theoretical and Applied Mathematics
    JO  - International Journal of Theoretical and Applied Mathematics
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Author Information
  • Department of Mathematics Cybernetics, Baku State University, Baku, Azerbaijan

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