- Author
- Forlicz Stefan
- Title
- Propozycja dynamicznych modeli cząstkowej równowagi rynkowej
A Proposal of Dynamics Partial Equilibrium Models - Source
- Prace Naukowe Akademii Ekonomicznej we Wrocławiu. Ekonomia i Międzynarodowe Stosunki Gospodarcze (3), 1997, nr 733, s. 50-63, bibliogr. 2 poz.
- Keyword
- Równowaga ogólna, Równowaga rynkowa, Rynek dóbr konsumpcyjnych, Dobra konsumpcyjne
General equilibrium, Market equilibrium, Consumer goods market, Consumer goods - Note
- summ.
- Abstract
- Przedstawiono propozycję dynamicznych modeli cząstkowej równowagi rynkowej.
The stability of market equilibrium is usually analysed in the neoclassical economics with the help of standard demand - supply model. Since the author considers demand and supply functions an excessive simplification of economic reality, he has proposed in the paper a recursive model of single good market (for, respectively, a basic and luxurious good). The issue of stability in this market has also been investigated. The model contradicts the classical market equilibrium theory because it points out that - even with standard reactions of demand and supply on changes in prices - when the state fails to correct the performance of market (e.g. through imposing new taxes) it can result in the overall instability of the market under consideration and lead to chaotic price fluctuations or sudden increases or decreases in prices.
The recursive equilibrium model for the market of two substitutes, with taking into account three potential cases: two basic goods, two luxurious goods, one basic and one luxurious good, has also been developed. A next model relates to interdependencies between the equilibrium on two markets: single production factor and single final good. For both models the market stability conditions and possibilities of their impairing through the state intervention have been considered. (original abstract) - Accessibility
- The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics - Bibliography
-
- Allen R.G.D.: Ekonomia matematyczna. Warszawa: PWN 1961.
- Gandolfo G.: Economics Dynamics: Methods and Models. Amsterdam: North Holland Publishing Company 1980
- Cited by
- ISSN
- 0324-8445
1427-2229 - Language
- pol
