THE ECONOMICS OF PRODUCTIVE CONSUMPTION AND POSITIONAL INVESTING
Radim Valenčík, Petr Mach, Ondřej Černík
Strony: 1-17
Otrzymano: 11 Apr 2025
Opublikowano: 18 Dec 2025
DOI: 10.62991/EB1996638512
Wyświetlenia: 595
Pobrania: 119
Streszczenie: 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.
Słowa kluczowe: economics of productive consumption, positional investing, game theory, investment funds, investment opportunities, pareto-optimum, nash-optimum
Cytowanie artykułu: Radim Valenčík, Petr Mach, Ondřej Černík. THE ECONOMICS OF PRODUCTIVE CONSUMPTION AND POSITIONAL INVESTING. Journal of International Scientific Publications: Economy & Business 19, 1-17 (2025). https://doi.org/10.62991/EB1996638512
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