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Dynastic cycle: a generic structure describing resource allocation in political economies, markets and firms.
- Source :
- Journal of the Operational Research Society; Oct2008, Vol. 59 Issue 10, p1289-1298, 10p, 3 Diagrams, 4 Charts, 2 Graphs
- Publication Year :
- 2008
-
Abstract
- A generic system embodies basic principles and insights that are common to a set of diverse cases and situations. This paper presents a new generic system that we name the dynastic cycle structure. It is based on a stylized model of events from the Chinese history. The model describes resource allocation between social, asocial and control uses in political economies, markets and firms that experience cyclical behaviour and homeostasis symbolizing low levels of performance. Numerical simulations with the model are used to understand the internal dynamics and to test several policy scenarios. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01605682
- Volume :
- 59
- Issue :
- 10
- Database :
- Complementary Index
- Journal :
- Journal of the Operational Research Society
- Publication Type :
- Academic Journal
- Accession number :
- 34491752
- Full Text :
- https://doi.org/10.1057/palgrave.jors.2602456