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The generalized von Neumann growth model. (English) Zbl 0725.90018

Summary: We introduce consumption, labour, wages, savings and loans into the von Neumann growth model and study different models arising therefrom. In contrast to other authors we introduce new concepts according to a competitive point of view. Thus, a relation with equilibrium points of a suitable game is obtained. We apply the existence theorem for equilibrium points in games with rational payoffs in a formulation of the first author.

MSC:

91B62 Economic growth models
91B66 Multisectoral models in economics
91A40 Other game-theoretic models
91B50 General equilibrium theory
91A10 Noncooperative games
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