Abstract
It is a well known problem to arrange economic conditions under which
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(a)
Producers are interested in applying innovations, using new technology, output of new products, etc.
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(b)
Consumers are interested in consumption and utilizing new goods, applying new products, equipments, etc. Particularly this is the problem of price level for a new good.
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References
Debreu, G. Theory of value. Cowles foundation in Economics at Yale University, Monograph 17 1959.
Makarov, V.L. Economic Equilibrium model with innovations. Optimization, N 18, 1976, Proceedings of the Institute of Mathematics, Sibirian Branch of the Acad. Sci. USSR.
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© 1977 Springer-Verlag Berlin · Heidelberg
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Makarov, V.L. (1977). Economic Equilibrium under Technological Changes. In: Henn, R., Moeschlin, O. (eds) Mathematical Economics and Game Theory. Lecture Notes in Economics and Mathematical Systems, vol 141. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45494-3_23
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DOI: https://doi.org/10.1007/978-3-642-45494-3_23
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