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JOURNALS // Matematicheskoe modelirovanie // Archive

Mat. Model., 2015 Volume 27, Number 1, Pages 65–83 (Mi mm3564)

Dynamic model of interaction between the firm and its owners

N. P. Pilnikab, I. P. Stankevichb

a Computing Centre of RAS
b Higher School of Economics

Abstract: In this article model of intertemporal equilibrium of two agents (a firm-producer and a proprietor-consumer) is presented. Its distinguishing feature is the description of the firm as a joint stock company, the purpose of which is to maximize the present value of dividends paid. A complete solution for all initial conditions is obtained. It is shown that the equilibrium in the model is effective.

Keywords: general equilibrium model, equity, intertemporal equilibrium, functional of producer.

UDC: 519.865.3

Received: 16.07.2013



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