IDEAS home Printed from https://ideas.repec.org/a/zna/indecs/v2y2004i1p119-125.html
   My bibliography  Save this article

Accumulation and consumptionin microeconomic system

Author

Listed:
  • S.A. Amelkin

    (Program Systems Institute of the Russian Academy of Sciences)

Abstract

Two main processes are common for an economic system. They are consumption and accumulation. The first one is described by utility function, either cardinal or ordinal one. The mathematical model for accumulation process can be constructed using wealth function introduced within the frame of irreversible microeconomics. Characteristics of utility and wealth functions are compared and a problem of extreme performance of resources exchange process is solved for a case when both the consumption and accumulation exist. Classification-ACM-1998: J.4; Social and behavioral sciences - Sociology

Suggested Citation

  • S.A. Amelkin, 2004. "Accumulation and consumptionin microeconomic system," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 2(2), pages 119-125.
    • Handle: RePEc:zna:indecs:v:2:y:2004:i:1:p:119-125
    as

    Download full text from publisher

    File URL: http://indecs.eu/2004/indecs2004-pp119-125.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert U. Ayres & Katalin Martina, s, 1996. "Wealth accumulation and economic progress," Journal of Evolutionary Economics, Springer, vol. 6(4), pages 347-359.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:voc:wpaper:tech82012 is not listed on IDEAS
    2. Zsolt Gilányi, 2007. "Some Remarks on the Effects of Productivity on Growth," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 5(1), pages 14-20.
    3. Aboohamidi, Abbas & Chidmi, Benaissa, 2015. "Changes in the Wealth of American Households during the 2007-2009 Financial Crisis in the U.S," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205451, Agricultural and Applied Economics Association.
    4. Katalin Martinas, 2004. "Neumannian Economy in Multi-agent Approach. Investigation of Stability and Instability in Economic Growth," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 2(1), pages 70-78.
    5. repec:voc:wpaper:tech32012 is not listed on IDEAS
    6. repec:voc:wpaper:tech42012 is not listed on IDEAS
    7. Ayres, Robert U., 2004. "On the life cycle metaphor: where ecology and economics diverge," Ecological Economics, Elsevier, vol. 48(4), pages 425-438, April.
    8. repec:voc:wpaper:tech72012 is not listed on IDEAS
    9. Éva Hideg, 2004. "Foresight as a Special Characteristic of Complex Social Systems," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 2(1), pages 79-87.
    10. repec:voc:wpaper:tech52012 is not listed on IDEAS
    11. repec:voc:wpaper:tech12012 is not listed on IDEAS
    12. repec:voc:wpaper:tech22012 is not listed on IDEAS
    13. repec:voc:wpaper:tech62012 is not listed on IDEAS
    14. Serghey A. Amelkin, 2009. "Finite-Time Approach to Microeconomic and Information Exchange Processes," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 7(1), pages 8-13.
    15. Katalin Martinás, 2006. "Non-Equilibrium Economics," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 4(2), pages 63-79.
    16. Zsolt Gilanyi, 2005. "Modelling Markets Versus Market Economies: Success and Failure," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 3(2), pages 94-99.
    17. repec:voc:wpaper:tech92012 is not listed on IDEAS

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zna:indecs:v:2:y:2004:i:1:p:119-125. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Josip Stepanic (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.