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Limiting Possibilities of Resource Exchange Process in Complex Open Microeconomic System

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Author Info
S. A. Amelkin () (Program Systems Institute of the Russian Academy of Sciences)
Abstract

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. Classification-ACM-1998: J.4; Social and behavioral sciences - Sociology

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File URL: http://indecs.eu/2004/indecs2004-pp43-52.html
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Publisher Info
Article provided by Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu in its journal Interdisciplinary Description of Complex Systems.

Volume (Year): 2 (2004)
Issue (Month): 1 ()
Pages: 43-52
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:zna:indecs:v:2:y:2004:i:1:p:43-52

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Related research
Keywords: open microeconomic systems; optimal prices; series and parallel structures;

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This page was last updated on 2009-12-30.


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