Value Balance and General Equilibrium Model

Truong Hong Trinh

Article Details

Value Balance and General Equilibrium Model

Authors:

Truong Hong Trinh

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 2, pp.485-491

Document Type:

Article

Publication Date:

5/2017

Document Language:

Turkish

Document ID (Org No.):

2000811891

Frequency:

Bimonthly

eISSN:

2146-4138

Abstract:

 

This paper proposes a utility function with the incorporation of value and price, and develops a basic general equilibrium model with two conditions of market clearance and value balance. A joint value model is developed to conduct a value balance between firm profit and customer utility that is also a condition for market equilibrium. The simulation experiments are carried out to conduct the value balance between firm profit and customer utility, and the general equilibrium of the economy with economic policies. The study provides key evidence on the value balance between firm profit and customer utility that creates a new paradigm for further researches on partial equilibrium and general equilibrium.

Article Details

Value Balance and General Equilibrium Model

Authors: Truong Hong Trinh

Publisher: İlhan ÖZTÜRK

Journal: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 2, pp.485-491

Document Type: Article

Publication Date: 5/2017

Document Language: Turkish

Document ID (Org No.): 2000811891

Frequency: Bimonthly

eISSN: 2146-4138

Issues

Authors:

Truong Hong Trinh

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 2, pp.485-491

Document Type:

Article

Publication Date:

5/2017

Document Language:

Turkish

Document ID (Org No.):

2000811891

Frequency:

Bimonthly

eISSN:

2146-4138