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methods for obtaining the consumption good. We explore the possible linkage between reswitching of techniques and the …
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The possibility of the reswitching of techniques in Piero Sraffa's intersectoral model, namely the recurring capital … reswitching of techniques is, therefore, the result of cost-minimizing technical choices facing returning ranks of relative input …
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We show that production economies are tatonnement stable if consumers satisfy the weak axiom of revealed preference. To ensure that producer supply decisions are well defined, we restrict prices in the tatonnement so that positive profits cannot occur but do allow supply decisions to be...
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