Balances with the inflexible prices of alternative method of simulation of the balanced states of the economy

Authors

  • Mark Iosifovich Levin National Research University Higher School of Economics image/svg+xml
  • Nadezhda Viktorovna Shilova Russian Presidential Academy of National Economy and Public Administration

Keywords:

disequilibrium, objective and subjective market demand curves, expectations

Abstract

Modern economic theory is mainly the theory of equilibrium. Non-equilibrium systems are studied less often, and the reason for it is a prerequisite (or implicitly assumed) auctioneer - over-the-market institute that sets prices according to the information about aggregate excess demand. This article will review some of the approaches that aimed to overcome this prerequisite.

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Author Biographies

  • Mark Iosifovich Levin, National Research University Higher School of Economics

    Full Prof., Department of Theoretical Economics, Faculty of Economic Sciences. Head of the Department of Microeconomics, Faculty of Economics

  • Nadezhda Viktorovna Shilova, Russian Presidential Academy of National Economy and Public Administration

    Assoc. Prof. Department of Microeconomics, Faculty of Economics. Assist. Prof. Department of Theoretical Economics, Faculty of Economic Sciences

References

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Published

2017-03-31

Issue

No. 1 (2017): January-March

Section

Mathematical and Tool Methods of Economy

How to Cite

Levin, M. I., & Shilova, N. V. (2017). Balances with the inflexible prices of alternative method of simulation of the balanced states of the economy. Eurasian Journal of Economics and Management, 1, 110-117. https://journals.vsu.ru/econ/article/view/9601

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