Limiting Possibilities of Resource Exchange Process in Complex Open Microeconomic System

Sergey Amelkin ()

Interdisciplinary Description of Complex Systems - scientific journal, 2004, vol. 2, issue 1, 43-52

Abstract: A problem on extreme performance of microeconomic system with several firms is considered. Each firm aspires to increase the profit. Flows of the good between the firms determine the structure of the system. So, sequential structure corresponds to intermediaries (dealers) operating in the market, parallel structure corresponds to competition in the market. The system at issue is an open economic system because of presence of external flows from the sources described by a distribution of the value of the good. The problem is solved for the basic structures: maximal profit and corresponding prices are found for each firm. Classification-ACM-1998: J.4; Social and behavioral sciences - Sociology

Keywords: open microeconomic systems; optimal prices; series and parallel structures (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (3)

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