On the theory of firm in nonlinear dynamic financial and economic systems

Dimitri Ledenyov and Viktor Ledenyov

Papers from arXiv.org

Abstract: The new business paradigms originate a strong necessity to re-think the theory of the firm with the aim to get a better understanding on the organizational and functional principles of the firm, operating in the investment economies in the prosperous societies. In this connection, we make the innovative research to advance our scientific knowledge on the theory of firm in the conditions of the nonlinear dynamic financial and economic systems. We propose that the nonlinearities have to be taken to the consideration and the nonlinear differential equation have to be used to model the firm in the modern theories of the firm in the nonlinear dynamic financial and economic systems. We apply the econophysical approach with the dynamic regimes modeling on the bifurcation diagram as in the dynamic chaos theory with the purpose to accurately characterize the nonlinearities in the economic theory of the firm. We introduce the Ledenyov firm stability theorem, based on the Lyapunov stability criteria, to precisely characterize the stability of the firm in the nonlinear dynamic financial and economic systems in the time of globalization.

Date: 2013-02, Revised 2013-03
New Economics Papers: this item is included in nep-bec
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://arxiv.org/pdf/1302.6721 Latest version (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:arx:papers:1302.6721

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().