Public interest and private enterprize: new developments : theoretical results and numerical algorithms
by Flores Muñiz, José Guadalupe
This book deals with the effect of public and semi-public companies on economy. In traditional economic models, several private companies - interested in maximizing their profit - interact (e.g., compete) with each other. Such models help to avoid wild oscillation in production and prices (typical for uncontrolled competition), and to come up with a stable equilibrium solution. The problems become very complex if we take into account the presence of public and semi-public companies - that are i…
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- Full title :Public interest and private enterprize : new developments : theoretical results and numerical algorithms / José Guadalupe Flores Muñiz, Nataliya Kalashnykova, Viacheslav V. Kalashnikov, Vladik Kreinovich.
Summary
This book deals with the effect of public and semi-public companies on economy. In traditional economic models, several private companies - interested in maximizing their profit - interact (e.g., compete) with each other. Such models help to avoid wild oscillation in production and prices (typical for uncontrolled competition), and to come up with a stable equilibrium solution. The problems become very complex if we take into account the presence of public and semi-public companies - that are interested in public good as well as in the profit. The book contains theoretical results and numerical techniques for computing resulting equilibria. As a case study, it considers the problem of selecting optimal tolls for the public roads - tolls that best balance the public good and the need to recover the cost of building the roads. It is recommended to specialists in economics as well as to students interested in learning the corresponding economic models.
Read More ↓Edition Statements
- Publication Date:2021.
Publication Statements
- Publisher(s):Springer
- Place of Publication:Cham
- Language:eng
- Publication Date:2021.
The Physical Object
- Description:1 online resource (149 pages)
Edition Identifiers
- ISBN:9783030583491, 303058349X
- DOI:10.1007/978-3-030-58349-1
- oclc:on1202479874
- LC Classification:HB145
- Dewey Decimal:339.5
Table of Contents
Introduction -- Consistent conjectural variations equilibrium in a semi-mixed duopoly -- Consistent conjectural variations coincide with the Nash solution in the meta-model -- Bilevel tolls optimization problem with quadratic costs.
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