Cybernetics and Systems Analysis

, Volume 43, Issue 5, pp 641–654 | Cite as

Cyclicity and well-balanced growth in systems with imperfect competition in labor markets

  • E. P. Belan
  • M. V. Mikhalevich
  • I. V. Sergienko


A dynamic macromodel of an economic system with bilateral monopolistic competition in the labor market is considered. Conditions of arising post-classical business cycles in this model are investigated under the assumption that the impact of labor remuneration on the amount of aggregated demand is restricted. Numerical experiments with the model with varied labor productivity demonstrated the possibility of main-line effects.


bilateral monopolistic competition dynamic model main-line theory business cycle 


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    A. Manning, Monopsony in Motion: Imperfect Competition in Labor Market, Princeton University Press (2003).Google Scholar
  2. 2.
    M. V. Mikhalevich and I. V. Sergienko, Modeling of a Transitive Economy: Models, Methods, and Information Technologies [in Russian], Naukova Dumka, Kiev (2005).Google Scholar
  3. 3.
    Haluk Ergin and Serdar Sayan, A Microeconomic Analysis of Slavery in Comparison to Free Labor Economies, Bilkent University (1997).Google Scholar
  4. 4.
    E. P. Belan, M. V. Mihalevich, and I. V. Sergienko, “Cyclic economic processes in systems with monopsonic labor markets,” Cybernetics and Systems Analysis, No. 4, 24–39 (2003).Google Scholar
  5. 5.
    M. Mikhalevich and L. Koshlai, “Modeling of multibranch competition in the labor market for countries in transition,” in: MODEST 2002: Transition and Transformation: Problems and Models, The Interfaces Institute, Warsaw (2002), pp. 49–59.Google Scholar
  6. 6.
    E. P. Belan, M. V. Mikhalevich, and I. V. Sergienko, “Models of two-sided monopolistic competition on a labor market,” Cybernetics and Systems Analysis, No. 2, 25–34 (2005).Google Scholar
  7. 7.
    J. A. Schumpeter, Essays of Entrepreneurs, Innovations, Business Cycles, and Evolution of Capitalism, Transaction, New Brunswick (1991).Google Scholar
  8. 8.
    H. Nikaido, Convex Structures and Economic Theory [Russian translation], Mir, Moscow (1972).Google Scholar
  9. 9.
    V. L. Makarov and A. I. Rubinov, Mathematical Theory of Economic Dynamics and Equilibrium [in Russian], Nauka, Moscow (1973).Google Scholar
  10. 10.
    A. F. Filippov, Differential Equations with Discontinuous Right-Hand Sides [in Russian], Nauka, Moscow (1985).Google Scholar
  11. 11.
    Yu. I. Neimark, Method of Pointwise Mappings in the Theory of Nonlinear Oscillations [in Russian], Nauka, Moscow (1972).Google Scholar
  12. 12.
    A. N. Tikhonov, “Systems of differential equations with a small parameter affecting the highest derivatives,” Mat. Sb., 31(73), No. 7, 575–586 (1952).Google Scholar
  13. 13.
    D. H. Hyman, Economics, Irwin Inc., Boston (1992).Google Scholar

Copyright information

© Springer Science+Business Media, Inc. 2007

Authors and Affiliations

  • E. P. Belan
    • 1
  • M. V. Mikhalevich
    • 2
  • I. V. Sergienko
    • 3
  1. 1.Taurian National UniversitySimferopolUkraine
  2. 2.Ukrainian Academy of Foreign TradeKievUkraine
  3. 3.Cybernetics InstituteNational Academy of Sciences of UkraineKievUkraine

Personalised recommendations