THE ECONOMICS OF PRODUCTIVE CONSUMPTION AND POSITIONAL INVESTING

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F25%3A%230001314" target="_blank" >RIV/04274644:_____/25:#0001314 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.scientific-publications.net/get/1000072/1766090315191149.pdf" target="_blank" >https://www.scientific-publications.net/get/1000072/1766090315191149.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

THE ECONOMICS OF PRODUCTIVE CONSUMPTION AND POSITIONAL INVESTING

Popis výsledku v původním jazyce

This paper brings together the results of research in the field of economics of productive consumption and positional investing. It is based on a model of supply and demand of investment funds and investment opportunities. It extends the existing results by the aspect of generating future investment opportunities (not only of the investor himself but also of other players) in the realization of the current investment opportunities. This article defines the equilibrium of this model as the maximum of future income from the realization of investment opportunities whereas this does not depend on whose investment funds are used to realize the investment opportunities and to whom additional investment opportunities are generated. This is a substantial extension of equilibrium, conceived as the utilization of investment opportunities according to their rate of return, irrespective of who owns the investment funds. The paper contains a methodology for building the relevant models and for the calculation of the equilibrium. This enables to distinguish between prisoner's dilemma situations and situations in which players have the highest payoffs if they cooperate (KK). Based on this, KK situations can be identified at different stages of history, at present, or for which conditions exist for the future. Consequently, the causes that have led or may lead to the change of a situation from KK to NN can be revealed, which has important practical applications.

Název v anglickém jazyce

THE ECONOMICS OF PRODUCTIVE CONSUMPTION AND POSITIONAL INVESTING

Popis výsledku anglicky

This paper brings together the results of research in the field of economics of productive consumption and positional investing. It is based on a model of supply and demand of investment funds and investment opportunities. It extends the existing results by the aspect of generating future investment opportunities (not only of the investor himself but also of other players) in the realization of the current investment opportunities. This article defines the equilibrium of this model as the maximum of future income from the realization of investment opportunities whereas this does not depend on whose investment funds are used to realize the investment opportunities and to whom additional investment opportunities are generated. This is a substantial extension of equilibrium, conceived as the utilization of investment opportunities according to their rate of return, irrespective of who owns the investment funds. The paper contains a methodology for building the relevant models and for the calculation of the equilibrium. This enables to distinguish between prisoner's dilemma situations and situations in which players have the highest payoffs if they cooperate (KK). Based on this, KK situations can be identified at different stages of history, at present, or for which conditions exist for the future. Consequently, the causes that have led or may lead to the change of a situation from KK to NN can be revealed, which has important practical applications.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Economy & Business

ISSN

1314-7242

e-ISSN

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Svazek periodika

19

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

BG - Bulharská republika

Počet stran výsledku

17

Strana od-do

1-17

Kód UT WoS článku

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EID výsledku v databázi Scopus

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