Long Term Planning with Models of Static and Dynamic Open Expanding Economies, and Strategic Allocation and Integral Games,
NEW YORK UNIV N Y DEPT OF ECONOMICS
Pagination or Media Count:
Pursuing further the generalizations and extensions of the von Neumann model of the expanding economy, the authors discuss in the first paper two new aspects of the open model of 1969. The first is the determination of the control variables for the static case, and the authors give a numerical example. Then, second, the authors define the new dynamic model, which is a multi-period version with initial and final endowments. The control variables for this case are also discussed. The study is extended to the N-period case. The second paper discusses game theory in which the players may be persons, firms, countries. The paper discusses the concepts of strategy and resources, which may have to be closely related to the idea of a strategy.
- Economics and Cost Analysis
- Operations Research