Variational approach for a general financial equilibrium problem: The Deficit Formula, the Balance Law and the Liability Formula. A path to the economy recovery

Annamaria Barbagallo, Patrizia Daniele, Sofia Giuffrè and Antonino Maugeri

European Journal of Operational Research, 2014, vol. 237, issue 1, 231-244

Abstract: Without using a technical language, but using the universal language of mathematics, we provide simple but significant laws, as Deficit Formula, Balance Law and Liability Formula, for the management of the world economy. Decisions, under these laws, for the recovery of the economy and for the good governance clearly appear. Further a simple but useful economical indicator E(t) is provided and the results are illustrated with a significant example.

Keywords: Variational inequality formulation; Lagrange multipliers; Deficit Formula; Balance Law; Liability Formula; Evaluation Index (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:237:y:2014:i:1:p:231-244

DOI: 10.1016/j.ejor.2014.01.033

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