Work

Mathematical Model of Sustainable Resource Allocation Taking into Account Transaction Costs and Equilibrium Prices Under Technological Constraints

Year: 2025

Type: article

Abstract: A mathematical model of sustainable resource allocation in a competitive economy is developed and studied, taking into account transaction costs and technological constraints. The model describes the interaction of producers and consumers, introduces a technological set and price dynamics through demand–supply imbalance. Using the theory of covering mappings and variational methods, the existence of equilibrium prices is proven. Issues of stability, numerical algorithms, and macroeconomic interpretation of the obtained results are considered.

Source: Axioms

DOI: 10.3390/axioms15010009

Authors: Anna V. Aleshina, Andrey L. Bulgakov, Yanliang Xin, Larisa S. Skrebkova

Institutions: Lomonosov Moscow State University, Moscow Center of Fundamental and Applied Mathematics

Language: English

Topic: Economic theories and models

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $2,896

Funders: Moscow Center of Fundamental and Applied Mathematics, Lomonosov Moscow State University