Public Interest and Private Enterprize: New Developments [electronic resource] : Theoretical Results and Numerical Algorithms / by José Guadalupe Flores Muñiz, Nataliya Kalashnykova, Viacheslav V. Kalashnikov, Vladik Kreinovich.
By: Flores Muñiz, José Guadalupe [author.]
.
Contributor(s): Kalashnykova, Nataliya [author.] | Kalashnikov, Viacheslav V [author.] | Kreinovich, Vladik [author.] | SpringerLink (Online service).
Material type: 
BookSeries: Lecture Notes in Networks and Systems: 138Publisher: Cham : Springer International Publishing : Imprint: Springer, 2021Edition: 1st ed. 2021.Description: VI, 146 p. 10 illus. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783030583491.Subject(s): Engineering mathematics | Engineering—Data processing | Computational intelligence | Econometrics | Mathematical and Computational Engineering Applications | Computational Intelligence | Quantitative EconomicsAdditional physical formats: Printed edition:: No title; Printed edition:: No titleDDC classification: 620 Online resources: Click here to access online
In:
Springer Nature eBookSummary: This book deals with the effect of public and semi-public companies on economy. In traditional economic models, several private companies – interested in maximizing their profit – interact (e.g., compete) with each other. Such models help to avoid wild oscillation in production and prices (typical for uncontrolled competition), and to come up with a stable equilibrium solution. The problems become very complex if we take into account the presence of public and semi-public companies – that are interested in public good as well as in the profit. The book contains theoretical results and numerical techniques for computing resulting equilibria. As a case study, it considers the problem of selecting optimal tolls for the public roads – tolls that best balance the public good and the need to recover the cost of building the roads. It is recommended to specialists in economics as well as to students interested in learning the corresponding economic models.
This book deals with the effect of public and semi-public companies on economy. In traditional economic models, several private companies – interested in maximizing their profit – interact (e.g., compete) with each other. Such models help to avoid wild oscillation in production and prices (typical for uncontrolled competition), and to come up with a stable equilibrium solution. The problems become very complex if we take into account the presence of public and semi-public companies – that are interested in public good as well as in the profit. The book contains theoretical results and numerical techniques for computing resulting equilibria. As a case study, it considers the problem of selecting optimal tolls for the public roads – tolls that best balance the public good and the need to recover the cost of building the roads. It is recommended to specialists in economics as well as to students interested in learning the corresponding economic models.
There are no comments for this item.