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On the concept of equal exchange
Author(s) -
Berger Joseph,
Snell J. L.
Publication year - 2007
Publication title -
behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 0005-7940
DOI - 10.1002/bs.3830020204
Subject(s) - position (finance) , constant (computer programming) , mathematical economics , computer science , mathematics , economics , finance , programming language
A system is said to be in equilibrium when no changes are per ceived in it by gross observation. Yet there may be vigorous activity within such a system which is hidden from gross obser vation, because the inner processes “cancel” each other. Thus, a number of cities can maintain constant populations even though the birth, death, and migration rates are high. A system will be obviously in equilibrium if there is “equal exchange” between every pair of its subsystems, but not all systems in equilibrium are such systems of “strict exchange.” It is a question of some theo retical importance whether a system is a system of strict exchange. Mathematical conditions for such systems are given here. In particular it is shown that a “perfectly mobile society,” i.e., one where the probability of a person's position is independent of that of his father, is a strict exchange system.