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Maurice Potron is an important precursor of the study of linear models of production and, in particular, of input-output analysis. We show that, contrary to Abraham-Frois and Lendjel's interpretation which we consider as unfaithful to Potron's model, there is a clear connection between his...
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It is shown that relative prices of production, which depend on the rate of profit in a complicated manner, satisfy nevertheless a simple monotonicity law when the Hilbert's projective metric is used as a measure. <!--ID="" Correspondence to: U. Krause-->
Persistent link: https://www.econbiz.de/10005370811
It is shown that relative prices of production, which depend on the rate of profit in a complicated manner, satisfy nevertheless a monotonicity law when the Hilbert's projective metric is used as a measure.
Persistent link: https://www.econbiz.de/10005371025
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The paper generalizes the von Neuman growth model extended by M. Morishima. Morishima introduced capitalists' consumption and workers' savings into the model. But his proof of the existence of the balanced-growth equilibrium crucially depends upon the assumption that every good must be in...
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An increase in the demand for agricultural goods leads to the use of more intensive cultivation methods. Though Ricardo sees no difficulties in the intensification process, their existence is revealed by the possible occurrence of multiple equilibria. A general theory of intensive rent is based...
Persistent link: https://www.econbiz.de/10005404304
The parametric Lemke algorithm is used to show the existence of an odd number of solutions of a generalized bimatrix game in a certain domain. These solutions are classi?ed into two types according to the relative sign of two determinants. The British economist David Ricardo made an implicit use...
Persistent link: https://www.econbiz.de/10011191518