A Mathematical Model for Selecting the Optimum Norms of Regulating Economic Activity

A theoretical model is presented for selecting the norms of regulating the economical activity of enterprises under the assumption that negative ghost effects exist. Markets with perfect competition are investigated. The model is based on the principle of maximizing public welfare and can be applied...

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Bibliographic Details
Published inMoscow University computational mathematics and cybernetics Vol. 42; no. 1; pp. 15 - 22
Main Authors Vasin, A. A., Tyuleneva, A. S.
Format Journal Article
LanguageEnglish
Published Moscow Pleiades Publishing 2018
Springer Nature B.V
Subjects
Economic conditions
Economic models
Mathematics
Mathematics and Statistics
Norms
Optimization
sanitary density
public welfare
optimum regulation norms
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Summary:A theoretical model is presented for selecting the norms of regulating the economical activity of enterprises under the assumption that negative ghost effects exist. Markets with perfect competition are investigated. The model is based on the principle of maximizing public welfare and can be applied to different norms established by regulatory authorities. An explicit expression is proposed for computing the optimum sanitary norms concerning the concentration of harmful substances.
ISSN:0278-6419
1934-8428
DOI:10.3103/S0278641918010089