Mathematical Models and Equilibrium in Irreversible Microeconomics

Anatoly M. Tsirlin and Sergey Amelkin ()
Additional contact information
Anatoly M. Tsirlin: Program Systems Institute of the Russian Academy of Sciences

Interdisciplinary Description of Complex Systems - scientific journal, 2010, vol. 8, issue 1, 13-23

Abstract: A set of equilibrium states in a system consisting of economic agents, economic reservoirs, and firms is considered. Methods of irreversible microeconomics are used. We show that direct sale/purchase leads to an equilibrium state which depends upon the coefficients of supply/demand functions. To reach the unique equilibrium state it is necessary to add either monetary exchange or an intermediate firm.

Keywords: irreversible microeconomics; mathematical models; thermodynamics (search for similar items in EconPapers)
JEL-codes: C63 D01 D83 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://indecs.eu/2010/indecs2010-pp13-23.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zna:indecs:v:8:y:2010:i:1:p:13-23

Access Statistics for this article

More articles in Interdisciplinary Description of Complex Systems - scientific journal from Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu
Bibliographic data for series maintained by Josip Stepanic ().