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Neumannian Economy in Multi-Agent Approach. Investigation of Stability and Instability in Economic Growth

Katalin Martinás ; Department of Atomic Physics, Eötvös Loránd University, Budapest


Puni tekst: engleski pdf 322 Kb

str. 70-78

preuzimanja: 501

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Sažetak

Axiomatic foundation of non-equilibrium microeconomics is outlined. The economic activity is modelled as transformation and transport of commodities (materials) owned by the agents. Rate of transformations (production intensity), and the rate of transport (trade) are defined by
the agents. Economic decision rules are derived from the observed economic behaviour. The non-linear equations are solved numerically for the Neumannian economy. The emergence of the equilibrium market structure appears as an order out of chaos process.

Ključne riječi

economics; irreversibility; growth; chaos

Hrčak ID:

76889

URI

https://hrcak.srce.hr/76889

Datum izdavanja:

29.6.2004.

Posjeta: 951 *