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Limiting Possibilities of Resource Exchange Process in Complex Open Microeconomic System

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  • S. A. Amelkin

    (Program Systems Institute of the Russian Academy of Sciences)

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

Suggested Citation

  • S. A. Amelkin, 2004. "Limiting Possibilities of Resource Exchange Process in Complex Open Microeconomic System," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 2(1), pages 43-52.
    • Handle: RePEc:zna:indecs:v:2:y:2004:i:1:p:43-52
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    References listed on IDEAS

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    1. Samuelson, Paul A, 1972. "Maximum Principles in Analytical Economics," American Economic Review, American Economic Association, vol. 62(3), pages 249-262, June.
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    Cited by:

    1. Katalin Martinas & Agoston Reguly, 2013. "Reappraisal of Rational Choice Theory," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 11(1), pages 14-28.
    2. repec:zna:indecs:v:10:y:2012:i:1:p:88-102 is not listed on IDEAS
    3. Katalin Martinás, 2012. "Greatest Happiness Principle in a Complex System Approach," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 10(2), pages 88-102.

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