The Neumann-Gale model
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In this chapter we present the basic model of economic dynamics. A special case of the model was studied in 1937 by J. von Neumann (see Neumann ). We call this model the Neumann-Gale model since Gale presented a substantial, and in a sense the maximal possible, generalization of the original von Neumann model (see Gale )
KeywordsEquilibrium State Convex Cone Polyhedral Cone Characteristic Compactum Negative Element
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