Sancho, Ferrán - In: Journal of Economic Structures 8 (2019) 25, pp. 1-10
We develop a novel linear equilibrium model with an Armington flavor. We provide (1) proof of the solvability of the model and of the existence and non-negativity of the equilibrium solution and of the newly derived multiplier matrix; we also show (2) that the standard Leontief multiplier matrix...