Abstract

Fairly rigorous mathematical laws are applied to construct a mathematical model of a self-developing market economy with movement of time-dependent capital in the technology space. The model is a system of nonlinear partial differential equations. We analyze the bifurcations of the spatially homogeneous solutions that describe the dynamics of macro-variables of the economic system. We also study some properties of the solutions of the partial differential equations that follow from diffusion of capital and consumer demand.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.