Cooperation and competition in modeling the dynamics of gross-domestic products of nations

Autor:	Ethelbert Nwakuche Chukwu
Rok vydání:	2005
Předmět:	Competition (economics) Computational Mathematics Rational expectations Dynamics (music) Applied Mathematics Differential game Economics Product (category theory) Economic system Mathematical economics Gross domestic product
Zdroj:	Applied Mathematics and Computation. 163:991-1021
ISSN:	0096-3003
DOI:	10.1016/j.amc.2003.12.141
Popis:	In this paper two major models of the gross-domestic product of four interacting nations are derived. One is an ordinary differential game of pursuit. The other is a hereditary one which utilizes the principle of rational expectations. A theory of interactions via net export is postulated. The UN and IMF data for a group of nations are used to validate it, and test for competition and cooperation MATLAB and MAPLE programs are used. The consequences of cooperation and competition are studied.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::fbfe6ca3197064fd865f9fbc22b2c530 https://doi.org/10.1016/j.amc.2003.12.141 Zobrazit plný text záznamu Full Text from ScienceDirect