THE ECONOMICS OF PRODUCTIVE CONSUMPTION AND POSITIONAL INVESTING
Radim Valenčík, Petr Mach, Ondřej Černík
Pagini: 1-17
Primit: 11 Apr 2025
Publicat: 18 Dec 2025
DOI: 10.62991/EB1996638512
Vizualizări: 597
Descărcări: 119
Rezumat: 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.
Cuvinte cheie: economics of productive consumption, positional investing, game theory, investment funds, investment opportunities, pareto-optimum, nash-optimum
Citează acest articol: 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
Înapoi la cuprinsul volumului
© 2026 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
