IDEAS home Printed from https://ideas.repec.org/a/pal/jorsoc/v59y2008i10d10.1057_palgrave.jors.2602456.html
   My bibliography  Save this article

Dynastic cycle: a generic structure describing resource allocation in political economies, markets and firms

Author

Listed:
  • K Saeed

    (WPI)

  • O V Pavlov

    (WPI)

Abstract

A generic system embodies basic principles and insights that are common to a set of diverse cases and situations. This paper presents a new generic system that we name the dynastic cycle structure. It is based on a stylized model of events from the Chinese history. The model describes resource allocation between social, asocial and control uses in political economies, markets and firms that experience cyclical behaviour and homeostasis symbolizing low levels of performance. Numerical simulations with the model are used to understand the internal dynamics and to test several policy scenarios.

Suggested Citation

  • K Saeed & O V Pavlov, 2008. "Dynastic cycle: a generic structure describing resource allocation in political economies, markets and firms," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 59(10), pages 1289-1298, October.
    • Handle: RePEc:pal:jorsoc:v:59:y:2008:i:10:d:10.1057_palgrave.jors.2602456
    DOI: 10.1057/palgrave.jors.2602456
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/palgrave.jors.2602456
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/palgrave.jors.2602456?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Usher, Dan, 1989. "The Dynastic Cycle and the Stationary State," American Economic Review, American Economic Association, vol. 79(5), pages 1031-1044, December.
    2. David C Lane, 2000. "Diagramming conventions in system dynamics," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 51(2), pages 241-245, February.
    3. Miron, Jeffrey A & Zwiebel, Jeffrey, 1991. "Alcohol Consumption during Prohibition," American Economic Review, American Economic Association, vol. 81(2), pages 242-247, May.
    4. Oleg V. Pavlov & Michael Radzicki & Khalid Saeed, 2005. "Stability in a Superpower-Dominated Global Economic System," Journal of Economic Issues, Taylor & Francis Journals, vol. 39(2), pages 491-500, June.
    5. Oriana Bandiera, 2003. "Land Reform, the Market for Protection, and the Origins of the Sicilian Mafia: Theory and Evidence," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 19(1), pages 218-244, April.
    6. Jeffrey A. Miron & Jeffrey Zwiebel, 1995. "The Economic Case against Drug Prohibition," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 175-192, Fall.
    7. Saeed, Khalid, 1990. "Government support for economic agendas in developing countries: A behavioral model," World Development, Elsevier, vol. 18(6), pages 785-801, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khalid Saeed, 2014. "Jay Forrester's operational approach to economics," System Dynamics Review, System Dynamics Society, vol. 30(4), pages 233-261, October.
    2. Oleg V. Pavlov & Jason M. Sardell, 2023. "Economic Origins of the Sicilian Mafia: A Simulation Feedback Model," Papers 2304.07975, arXiv.org.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arturo Bris, 2005. "Do Insider Trading Laws Work?," European Financial Management, European Financial Management Association, vol. 11(3), pages 267-312, June.
    2. Jeffrey A. Miron, 1997. "The Effects of Alcohol Prohibition on Alcohol Consumption," Papers 0078, Boston University - Industry Studies Programme.
    3. Thomas Mariotti & Nikolaus Schweizer & Nora Szech & Jonas von Wangenheim, 2023. "Information Nudges and Self-Control," Management Science, INFORMS, vol. 69(4), pages 2182-2197, April.
    4. Skott, Peter & Thorlund Jepsen, Gunnar, 2002. "Paradoxical effects of drug policy in a model with imperfect competition and switching costs," Journal of Economic Behavior & Organization, Elsevier, vol. 48(4), pages 335-354, August.
    5. Oleg V. Pavlov & Jason M. Sardell, 2023. "Economic Origins of the Sicilian Mafia: A Simulation Feedback Model," Papers 2304.07975, arXiv.org.
    6. Oleg V Pavlov & Evangelos Katsamakas, 2020. "Will colleges survive the storm of declining enrollments? A computational model," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-29, August.
    7. Ciro Biderman & JoãoMP DeMello & Alexandre Schneider, 2010. "Dry Laws and Homicides: Evidence from the São Paulo Metropolitan Area," Economic Journal, Royal Economic Society, vol. 120(543), pages 157-182, March.
    8. Golz, Michael & D'Amico, Daniel J., 2018. "Market concentration in the international drug trade," Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 28-42.
    9. Lasha Lanchava, 2013. "Free to Choose: An Experimental Investigation of the Value of Free Choice," CERGE-EI Working Papers wp492, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    10. Beenstock, Michael & Rahav, Giora, 2002. "Testing Gateway Theory: do cigarette prices affect illicit drug use?," Journal of Health Economics, Elsevier, vol. 21(4), pages 679-698, July.
    11. Thiemo Fetzer & Samuel Marden, 2017. "Take What You Can: Property Rights, Contestability and Conflict," Economic Journal, Royal Economic Society, vol. 0(601), pages 757-783, May.
    12. Elert, Niklas & Henrekson, Magnus, 2017. "Entrepreneurship and Institutions: A Bidirectional Relationship," Working Paper Series 1153, Research Institute of Industrial Economics, revised 05 May 2017.
    13. Edward M. Shepard & Paul R. Blackely, 2010. "Economics of Crime and Drugs: Prohibition and Public Policies for Illicit Drug Control," Chapters, in: Bruce L. Benson & Paul R. Zimmerman (ed.), Handbook on the Economics of Crime, chapter 10, Edward Elgar Publishing.
    14. Griffin Edwards & Travis Howe, 2015. "A test of prohibition's effect on alcohol production and consumption using crop yields," Southern Economic Journal, John Wiley & Sons, vol. 81(4), pages 1145-1168, April.
    15. Jeffrey A. Miron & Jeffrey Zwiebel, 1995. "The Economic Case against Drug Prohibition," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 175-192, Fall.
    16. Jeremy Greenwood & Nezih Guner & Karen A. Kopecky, 2022. "The Downward Spiral," NBER Working Papers 29764, National Bureau of Economic Research, Inc.
    17. Guglielmo Barone & Gaia Narciso, 2013. "The effect of organized crime on public funds," Temi di discussione (Economic working papers) 916, Bank of Italy, Economic Research and International Relations Area.
    18. Chu, C. Y. Cyrus & Wang, C., 1998. "Economy of specialization and diseconomy of externalities," Journal of Public Economics, Elsevier, vol. 69(2), pages 249-261, June.
    19. Cho, Seo-Young & Dreher, Axel & Neumayer, Eric, 2013. "Does Legalized Prostitution Increase Human Trafficking?," World Development, Elsevier, vol. 41(C), pages 67-82.
    20. Poret, Sylvaine, 2009. "An optimal anti-drug law enforcement policy," International Review of Law and Economics, Elsevier, vol. 29(3), pages 221-228, September.

    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:pal:jorsoc:v:59:y:2008:i:10:d:10.1057_palgrave.jors.2602456. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    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.