32 citations · 32 across the 2 of their papers we have counts for
2 papers
q-fin.GN2010
How to predict and avert economic crisis
Yong Tao
Our study shows that many firms would accumulate at zero output level (namely, Bankruptcy status) if a perfectly competitive market reaches full employment (namely, those people wh…
physics.soc-ph2010★ 32 cited
Competitive market for multiple firms and economic crisis
Yong Tao
The origin of economic crises is a key problem for economics. We present a model of long-run competitive markets to show that the multiplicity of behaviors in an economic system, o…