Title :
Dynamic model and control of mixed economy
Author :
L. Chang, S. ; C. Peng, T.
Author_Institution :
State University of New York at Stony Brook, New York
Abstract :
The lagging economy and high inflation of recent years can be quantitatively explained by a dynamic model which is based on well known structural equations and equations on price and wage reflecting collective bargaining and limited monopoly. Using the dynamic model, the effects of various economic policies are studied.
Keywords :
Acceleration; Employment; Equations; Government; Monopoly; Oligopoly; Remuneration; Unemployment;
Conference_Titel :
Decision and Control, 1971 IEEE Conference on
Conference_Location :
Miami Beach, FL, USA
DOI :
10.1109/CDC.1971.270997
