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Pricing Model in the Walras Economic Equilibrium Scheme

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Cybernetics and Systems Analysis Aims and scope

Abstract

Useful formulas of pricing in terms of labor costs are obtained in a scheme with n individuals and m products. They are derived from systems of balance equations for supply and demand in the labor, produce, and capital markets, with regard for the types of production and utility functions.

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REFERENCES

  1. L. Tarasevich,V. Gal'perin,P. Grebennikov, andA. Leusskii, Macroeconomics [in Russian], Gos. Univ. Ekon. Fin., St. Petersburg (1999).

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Authors and Affiliations

  1. Taras Shevchenko State University, Kiev, Ukraine

    A. A. Alekseev

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  1. A. A. Alekseev
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Alekseev, A.A. Pricing Model in the Walras Economic Equilibrium Scheme. Cybernetics and Systems Analysis 37, 92–99 (2001). https://doi.org/10.1023/A:1016672218080

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  • DOI: https://doi.org/10.1023/A:1016672218080

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