Phase Model of Market Economy

N. Yegorenkov, E. Kazakova and M. Starodubtseva

Voprosy Ekonomiki, 2005, issue 8

Abstract: The phase model of market economy is suggested in the article. It is formalized in the cubical equation The equation takes into account the imperfections of competition and the fact that consumer goods are produced with the help of means of production. Transitions from the imperfect competition to the perfect one and visa versa yield qualitative status change of market economy.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2005:id:1476

DOI: 10.32609/0042-8736-2005-8-41-47

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