Linden, Jan A. van der; Dietzenbacher, Erik - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 1995
The paper considers a (static) portfolio system that satisfies adding-up contraints and the gross substitution theorem. The paper shows the relationship of the two conditions to the weak dominant diagonal property of the matrix of interest rate elasticities. This enables to investigate the...