UDC 519.86

Influence of consumption preferences on equilibrium in an open economy

/ A.Ph. Makhort // Kibernetika i sistemnyi analiz. — 2016. — Vol. 52, N 4. — P. 11–28.

The author describes possible equilibrium states of an open economic system under presence of monopolies. The equilibrium is of Walrasian type. Each subject of the economic system is a non-insatiable consumer. The consumption structure in the economy depends on outputs of goods. The author proposes an algorithm to solve the equilibrium problem. The constraints imposed on the model characteristics provide the existence of economic equilibrium. The author reveals the possibility for the economy to be in equilibrium state with given intervals of the values of selected characteristics. The choice of taxation rates of monopolies allows attaining the desired equilibrium state. Figs: 0. Tabl.: 0. Refs: 9 titles.

Keywords:

economical equilibrium, demand, supply, monopolies, taxation, behaviour strategies.


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Author(s):

Махорт Андрей Филиппович, кандидат физ.-мат. наук, старший научный сотрудник Института теоретической физики им. Н.Н. Боголюбова НАН Украины, Киев,
e-mail: map@bitp.kiev.ua.