General Utility Problem

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=?iso-8859-1?Q?Andr=E9_Reichel?=
Junior Member
Posts: 14
Joined: Fri Mar 29, 2002 3:39 am

General Utility Problem

Post by =?iso-8859-1?Q?Andr=E9_Reichel?= »

Hello all,

maybe some of you remember the mentioning of the SFEcon model in an earlier
thread. Ive engaged into a discussion on their message board at
http://www.sfecon.com/BBoard/wwwboard.shtml

The main purpose of the SFEcon model is to solve the General Utility
Problem. It uses a non-linear matrix transformation to derive a parametric
matrix, which describes utility relations of goods in different economic
sectors.

My impression about the General Utility Problem is, that it structurally
resembles the Three Body Problem in physics, which cannot be solved by
computation. (except some special, simple cases, e.g. Lagrange) The main
critique I had about the SFEcon model was, that it is the wrong tool, as
regards its assumptions and rooting within the econometric paradigm, to
adress the General Utility Problem.

My question to you: Is there any SD or systems research concerning the
General Utility Problem? Can a problem like that be solved, maybe not
analytical, but simulative? What kind of model / modelling approach would be
necessary to adress this problem?

Thank you for your brain power. Im looking forward to answers and
comments!

Viele Grüße / many regards
André Reichel
Universität Stuttgart, Germany
E-Mail: reichel@sofo.uni-stuttgart.de
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