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A Model of Economic Equilibrium in the Market for Information Goods

Vladimir I. Danilov, Gleb A. Koshevoy and Alexandre I. Sotskov
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Vladimir I. Danilov: Russian Academy of Sciences
Gleb A. Koshevoy: Russian Academy of Sciences
Alexandre I. Sotskov: Russian Academy of Sciences

Chapter 8 in Contemporary Economic Issues, 1999, pp 161-182 from Palgrave Macmillan

Abstract: Abstract The market for information goods as with computer software already occupies a significant and increasing share of the world market. Such a situation presents mathematical economists with a problem on modelling this market; that is, describing a space for information goods and a space for prices, aims and constraints of agents, establishing conditions of existence for balanced states in the market, and possibly efficiency properties of such states. These are the major questions which generally emerge and require an answer.

Keywords: Cost Function; Distributive Lattice; Information Good; Modular Function; Submodular Function (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-14540-9_8

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DOI: 10.1007/978-1-349-14540-9_8

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