IDEAS home Printed from https://ideas.repec.org/a/zna/indecs/v8y2010i1p13-23.html
   My bibliography  Save this article

Mathematical Models and Equilibrium in Irreversible Microeconomics

Author

Listed:
  • Anatoly M. Tsirlin

    (Program Systems Institute of the Russian Academy of Sciences)

  • Sergey A. Amelkin

    (Program Systems Institute of the Russian Academy of Sciences)

Abstract

A set of equilibrium states in a system consisting of economic agents, economic reservoirs, and firms is considered. Methods of irreversible microeconomics are used. We show that direct sale/purchase leads to an equilibrium state which depends upon the coefficients of supply/demand functions. To reach the unique equilibrium state it is necessary to add either monetary exchange or an intermediate firm.

Suggested Citation

  • Anatoly M. Tsirlin & Sergey A. Amelkin, 2010. "Mathematical Models and Equilibrium in Irreversible Microeconomics," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 8(1), pages 13-23.
  • Handle: RePEc:zna:indecs:v:8:y:2010:i:1:p:13-23
    as

    Download full text from publisher

    File URL: http://indecs.eu/2010/indecs2010-pp13-23.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    irreversible microeconomics; mathematical models; thermodynamics;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zna:indecs:v:8:y:2010:i:1:p:13-23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Josip Stepanic (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.