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The Neumann-Gale model

  • V. L. Makarov
  • A. M. Rubinov
Chapter
  • 68 Downloads

Abstract

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 [1]). 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 [2])

Keywords

Equilibrium State Convex Cone Polyhedral Cone Characteristic Compactum Negative Element 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag New York, Inc. 1977

Authors and Affiliations

  • V. L. Makarov
    • 1
  • A. M. Rubinov
    • 1
  1. 1.Siberian Branch of the Academy of SciencesRussia

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