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On the Influence of the Price Dependence of a Goods Consumption Structure on the Equilibrium of an Economy

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Cybernetics and Systems Analysis Aims and scope

Abstract

Equilibrium conditions for an open economy with monopolies are investigated. The presence of insatiable consumers in the economy is taken into account. The influence of the price dependence of a goods consumption structure on equilibrium states is investigated. The existence of equilibrium states in such an economy is proved. A relation is established between the selection of a taxation strategy and realization of a concrete equilibrium state of the economy.

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Authors and Affiliations

  1. N. N. Bogolyubov Institute for Theoretical Physics of NAS of Ukraine, Kyiv, Ukraine

    A. Ph. Makhort

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  1. A. Ph. Makhort
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Correspondence to A. Ph. Makhort.

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Translated from Kibernetika i Sistemnyi Analiz, No. 2, pp. 52–61, March–April, 2015.

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Makhort, A.P. On the Influence of the Price Dependence of a Goods Consumption Structure on the Equilibrium of an Economy. Cybern Syst Anal 51, 205–212 (2015). https://doi.org/10.1007/s10559-015-9713-1

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  • DOI: https://doi.org/10.1007/s10559-015-9713-1

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